Initial Qualified Opportunity Fund Guidance Released —Taxpayers may now Seize Qualified Opportunity Fund Program Benefits
11.09.2018
On October 19, 2018, the Department of Treasury and Internal Revenue Service (“IRS”) issued initial proposed regulations,1 a Revenue Ruling,2 and draft Form 89963 and instructions for investments in qualified opportunity funds “QOF”). This long-anticipated guidance is expected to allow investors, business owners, real estate developers, and fund managers to be able to confidently seize the powerful tax deferral, reduction, and exclusion benefits provided by the QOF program. For a detailed look at how you might utilize these regulations to your benefit, please download our white paper below.