Eversheds Sutherland Tax Group · The Proposed Regulations clarify which taxpayers are eligible, which gains are eligible, how a taxpayer elects the application of these rules, and what qualifies as a good Qualified Opportunity Fund (the entity through which a taxpayer must make an investment in an Opportunity Zone). · Revenue Ruling 2018-29 clarifies the application of these rules to investments in land and existing buildings. · While open questions remain and further proposed regulations are anticipated, this guidance answers many questions for businesses and investors considering investments in Opportunity Zones. |
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