Treasury Department Issues Regulations Regarding Deferral of Capital Gain Invested in Qualified Opportunity Zone Property

The “Tax Cuts and Jobs Act” (“TCJA”) passed by Congress in December 2017 included a new incentive designed to encourage investment in economically distressed geographic areas designated as Qualified Opportunity Zones (“QOZ”).   Approximately 8,800 areas in the United States and U.S. territories have been designated as QOZs.   These areas will retain the QOZ designation for 10 years.

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