The Tax Cuts and Jobs Act gives taxpayers a new planning tool, code Section 1400Z-2, for deferring and reducing capital gains that are reinvested in a Qualified Opportunity Fund (QOF). A QOF is an investment vehicle designed to invest in property or businesses located in designated low-income areas throughout the U.S., the District of Columbia and U.S. territories. These areas are defined as Qualified Opportunity Zones (QOZs). Potential tax benefits for investing into a QOF include the deferral and partial exclusion of capital gains and the permanent exclusion from taxable income of any appreciation in the QOF interest if it is held for at least 10 years. The government recently released final regulations to help implement this new program. Join us to learn more about the QOZ program and how the recently released final regulations impact investments going forward.

Presenters:
Adam Sweet, JD, LLM, Principal
Joe Monty, CPA, Partner
Mac Stevens, CPA, Tax Consultant