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Investment Capital Law Group and Opportunity Zone Group

Proposed IRS Regulations Offer More Potential Uses of Opportunity Zone Funds for Real Estate Development

By Catherine Holmes, Brad Cohen and Guy Maisnik On October 19, 2018, the IRS issued the first set of proposed regulations and a New Revenue Ruling on new Internal Revenue Code Section 1400Z-2 governing Opportunity Zone investments. Under the new Opportunity Zone tax law, taxpayers who realize taxable capital gains from the sale of any […]