The recent Tax Cuts and Jobs Act (Tax Act) added a new provision – Opportunity Zones (OZ) under section 1400Z – which allows the deferral and partial exclusion of certain gains from the sale or exchange of an asset if those gains are reinvested in a Qualified Opportunity Fund (Q Fund) within 180 days from the date of the sale or exchange. There is also the potential for exclusion of future gains from Q Fund investments held for at least 10 years.
KPMG LLP (KPMG) is pleased to invite you to a TaxWatch Webcast that will discuss the recent IRS/Treasury guidance relating to investing in Q Funds and the types of qualifying investments that can be made by Q Funds. Professionals from KPMG’s Washington National Tax and State and Local Tax practices, including Rich Blumenreich, Joe Scalio, Susan Reaman, and Ulrich Schmidt, will discuss:
Please join us for what promises to be an insightful and informative Webcast.