Qualified Opportunity Zones: Fundamentals


Summary

This practice note discusses Qualified Opportunity Zones (Opportunity Zone) under I.R.C. Sections 1400Z-1 and 1400Z-2, which were enacted by the Tax Cuts and Jobs Act (the TCJA). P.L. 115-97. Included is a discussion of the tax incentives offered to investors who make qualified investments of capital gains in Opportunity Zones and the rules the investor must follow to tax advantage of the tax incentives.