Opportunity Zone Consulting

Let's Talk

Investing in an opportunity zone through a Qualified Opportunity Fund (QOF) offers significant tax benefits. We can provide guidance and solutions to benefit from this opportunity.

Opportunity Zone tax incentives are evolving. Existing OZ 1.0 investors are approaching the required recognition of deferred gains at the end of 2026, while OZ 2.0 introduces a permanent program, a rolling five-year deferral period for eligible new investments, a 10% basis increase for qualifying investments held at least five years, enhanced incentives for qualifying rural investments, updated zone designations, and additional reporting requirements. The rules and effective dates vary, making transaction-specific guidance critical.

Potential tax benefits include:

  • Deferral of original qualified gain.
    • A potential bases step up against this deferrred gain
  • Tax free exist after holding an investment for at least 10 years.

Our team consists of professionals with expertise in community development, construction, real estate, finance, and tax. We can help you form and operate a Qualified Opportunity Fund and to verify all requirements are met. We can also help you maximize the significant tax benefits associated with investing in a Qualified Opportunity Zone.

What We Offer

  • Investor Planning and Education:

  • Fund Formation and Transaction Structuring:

  • Compliance and Reporting:

  • Real Estate and Business Advisory:

  • OZ 1.0 and OZ 2.0 Transition Planning:

Where Can Qualified Opportunity Zone Communities be Found?
There are designated Opportunity Zones in all 50 states, the District of Columbia, and five U.S. territories. IRS Notice 2018-48 provides a list of the more than 8,700 census tracts that have been designated as qualified Opportunity Zones. Check out the map to see where one is located near you.
Learn More
Understanding the ins and outs of the Opportunity Zone Incentives Program can be challenging.
Let's Talk
Alert:

New Guidance for OZ 2.0

New guidance clarifies key Opportunity Zone rules, including 2026 gain treatment, QOZB property requirements, and transition planning for investors.

Learn More
blue icon depicting star
On-Demand Webinar:New Tax Legislation: Impacts on Opportunity Zones
View our recorded webinar to learn more about Opportunity Zones and changing legislation.
Watch Now

Understanding the ins and outs of the Opportunity Zone Incentives Program can be challenging.

Eide Bailly’s qualified team of professionals can help you make sense of it all.

Opportunity Zone Consulting Leadership

Adam Sweet

Adam Sweet

Partner

Adam leads Eide Bailly's Passthrough Entity Consulting group. He has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing compensatory equity. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, tax credit partnerships and a variety of IRS controversy matters. Adam also leads Eide Bailly’s Opportunity Zone working group.
More Leadership
More Leadership

Frequently Asked Questions

  • How is OZ 2.0 different from the original Opportunity Zone program?

  • What should existing OZ investors do before the end of 2026?

  • Who can benefit from Opportunity Zone consulting?

  • What support does a Qualified Opportunity Fund need?

  • Can Opportunity Zone incentives be coordinated with other tax strategies?