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November 7, 2019

Baruch College

New York, NY

Speakers: Kevin Matz

The 2017 Tax Cuts and Jobs Act included a new tax incentive provision that is intended to promote investment in economically distressed communities, referred to as "Opportunity Zones." Through this program, investors can potentially achieve the following significant tax benefits:

  • The deferral of gain on the disposition of property to an unrelated person potentially until Dec. 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund (QOF) within 180 days of the disposition of the underlying property.
  • The elimination of up to 15% of the gain that has been reinvested in a QOF provided that certain holding period requirements are met.
  • The potential elimination of tax on gains associated with the appreciation in the value of a QOF, provided that the investment in the QOF is held for at least 10 years.

In this presentation, Stroock partner Kevin Matz drill down on this extraordinarily timely topic - taking into account the most recent guidance issued by the U.S. Department of the Treasury - and provide you with solid practical guidance on the tax issues, opportunities and challenges that are presented.