Opportunity Zones
https://www.nar.realtor/washington-report/opportunity-zones-proposed-rules-released On October 19, the Treasury Department released proposed rules for Qualified Opportunity Zones, a federal program created by the Tax Cuts and Jobs Act in 2017. The program incentivizes investment and development in distressed communities, designated as “Qualified Opportunity Zones” (QOZs) through tax benefits for investors. These benefits include deferral of federal capital gains… Continue Reading Opportunity Zones