Qualified Opportunity Zones are a creation of the new Code Sections 1400Z-1 and 1400Z-2, enacted in the Tax Cuts and Jobs Act (TCJA) in December 2017. These provisions are intended to incentivize investment in economically challenged areas by giving tax benefits to investors.
The tax benefits from Opportunity Zones come in two forms: A deferral of current capital gain, and the potential exclusion of future capital gain.
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