The Opportunity Zone Incentive was created to encourage investments in economically-distressed communities. These ‘opportunity zones’ are designated by each state and certified by the Secretary of the U.S. Treasury. Once an opportunity zone has been identified, any eligible taxpayer (individual or corporations) can invest certain realized gains in that opportunity zone through a qualified fund. With the opportunity zones incentive, investors have the opportunity to defer or even eliminate capital gains taxes.

Though additional regulations have been provided, understanding how to take advantage of the Opportunity Zone Incentive can be overwhelming and confusing. Eide Bailly can help.

The Eide Bailly Opportunity Zone Team is a team of professionals with expertise in community development, construction, real estate, finance and tax. They can:

  • Provide guidance on how to form and operate a Qualified Opportunity Fund
  • Help verify that all requirements are met concerning the Qualified Opportunity Zone business and business property
  • Help you take advantage of significant tax benefits and current investment strategies to maximize those benefits.

Learn more about Qualified Opportunity Funds
Click the button to request an email outlining the basics of Opportunity Zones including structure.


Check out the map to see where Qualified Opportunity Zone communities can be found:


Contact

Adam Sweet
Adam Sweet
Principal

Additional Resources

July 2019
Recorded Webinar
The Tax Cuts and Jobs Act gives taxpayers a new planning tool, Section 1400Z, for deferring and reducing capital gains that are reinvested in a Qualified Opportunity Fund (QOF). A QOF is an investment vehicle designed to invest in property or businesses located in designated low-income areas throughout the U.S., the District of Columbia and U.S. territories.
May 2019
Article
There are many questions surrounding Opportunity Zone tax incentives, and newly published proposed regulations are providing additional clarity.
October 2018
Article
As part of the new tax reform law, taxpayers may defer and, in some cases, partially exclude from taxable income capital gains if the gains are reinvested in a Qualified Opportunity Fund.