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…
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…
If an investor is interested in taking advantage of the tax benefits associated with Qualified Opportunity Funds (QOF) (See Tax Benefits for Investors in Qualified Opportunity Funds) Any type of capital gain may be invested in a QOF, including, real estate, stock, cryptocurrency, artwork, etc. Typically, real estate requires like-kind for like-kind exchanges, however, QOFs allow…
What is a Qualified Opportunity Fund? The Tax Cuts and Jobs Act of 2017 added many new tax provisions for 2018. One such provision created something called Qualified Opportunity Zones which are intended to spur economic development and job creation in designated distressed communities. People or entities that invest in eligible property located in an…
OFFERING DIFFERENT CLASSES OF SECURITIES Can I Offer Different Classes of Securities? The short answer is obviously yes, as an issuer of securities you are completely free to offer different classes of securities if the company’s governing documents allow for it (for example, an LLC’s operating agreement or a corporation’s bylaws must be written so…
IRC SEC 1031 Transactions in Syndication Ever wonder if you’re asking the right questions when it comes to Syndications? We’re sure you’ll agree that we hear MANY questions that YOU may need to know the answer to. This webinar series will focus on the most asked questions Gene Trowbridge answers, with this episode focusing on…
Ever wonder if you’re asking the right questions when it comes to Syndications? We’re sure you’ll agree that we hear MANY questions that YOU may need to know the answer. This webinar series will focus on the most asked questions Gene Trowbridge answers, with this episode focusing on questions regarding IRC SEC 1031 transactions in…
