Qualifed Opportunity Zones and Form 8996

by Gregory S. Dowell February 11, 2019 A relatively quiet provision in the Tax Cuts and Jobs Act (TCJA) created “qualified opportunity zones” in certain designated low-income communities.  Investors in Qualified Opportunity Funds (QOFs), which invest in these qualified opportunity zones, are allowed certain tax advantages for investing in these communities.  Internal Revenue Code section…