Capital Gain Tax Deferral Opportunity:
IRS issues guidance relating to deferral of gains for investments in a qualified opportunity fund.
The proposed regulations allow the deferral of all or part of a gain that is invested into a Qualified Opportunity Fund (QO Fund) that would otherwise be includible in income. The gain is deferred until the investment is sold or exchanged or Dec. 31, 2026, whichever is earlier. If the investment is held for at least 10 years, investors may be able to permanently exclude gain from the sale or exchange of an investment in a QO Fund.
For more information contact us or visit the IRS link below:
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