New Internal Revenue Code Section 1400Z creates qualified opportunity funds (QOFs) and qualified opportunity zones. This program incentivizes the reallocation of capital to
designated low-income census tracts. It presents a remarkable opportunity for taxpayers to defer and reduce capital gain and subsequently exclude the appreciation of qualified opportunity fund interests from income.

Read more about the three primary tax-planning benefits the program offers, the three general statutory requirements that must be met to qualify, and the current status of the program in this article by Jeff Schaffart and Mike Keblesh. 

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