Mike Krueger

Last week the IRS and the Treasury Department released a draft form for Qualified Opportunity Funds. The form, which is intended for the 2019 tax year, is designed to collect information about Opportunity Zone investments.

The form includes new reporting requirements for funds making investments under the Opportunity Zone provision, such as reporting the value of business properties, the census area of each business’s property and the value of the investments allocated to each census area.

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