Treasury Designates Final Round of Opportunity Zones
The Treasury Department today designated the final round of qualified opportunity zones (OZs) in four states: Florida, Nevada, Pennsylvania and Utah. Investors in qualified opportunity funds that invest in qualified OZs can defer tax on prior gains until no later than Dec. 31, 2026. With this final round, OZs have been designated in all 50 states, the District of Columbia and five U.S. possessions.
To discuss IRS guidance, investment opportunities and much more, join community development experts for the Novogradac 2018 Opportunity Zones Conference, Oct. 2-3 in New Orleans.