The IRS has issued proposed regulations relating to the deferral of gain under Code Sec. 1400Z-2 for investments in a qualified opportunity fund. The provision, which was as added by the Tax Cuts and Jobs Act (P.L. 115-96), allows taxpayer to elect to defer capital gains that are invested in a qualified opportunity fund within […]
The post Proposed Regs Address Investments in Qualified Opportunity Funds (NPRM REG-115420-18; Rev. Rul. 2018-29; IR-2018-206) appeared first on Tax & Accounting Blog.