February, 2019 |

FAQ letters with frequently asked questions written below it. On a washed out board

QUALIFIED OPPORTUNITY ZONES – FAQ

February 5, 2019Nancee TegederNo CommentsCommercial Real Estate, compliance, crowdfunding, Crowdfunding in Commercial Real Estate, Investors, Opportunity Zone, syndication

What is a Qualified Opportunity Zone? The Tax Cuts and Jobs Act of 2017 created Qualified Opportunity Zones, which are economically-distressed areas designated by the government that provide certain tax benefits to investors in an effort to spur economic development and job creation. (See also https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions) Where are Qualified Opportunity Zones located? A map of…

Creating and Maintaining Qualified Opportunity Funds

February 5, 2019Nancee TegederNo CommentsApartment Investing, Crowdfunding in Commercial Real Estate, definitions, Gene Trowbridge, Investors, Jillian Sidoti, Nancee Tegeder, Private Money, syndication

In order to create a Qualified Opportunity Fund (QOF), a partnership or corporation (or limited liability company taxed as a partnership or corporation) must file Form 8996 to self-certify with the IRS. Further, the entity must be set up with the sole purpose of operating as a QOF, which may be stated in the organizational…

Month: February 2019

QUALIFIED OPPORTUNITY ZONES – FAQ

Creating and Maintaining Qualified Opportunity Funds