The IRS has provided guidance relating to the deferral of gains for investments in Qualified Opportunity Funds (QO Funds). The gain from the sale of any assets which is reinvested in a QO Fund is deferred until the investment is sold or exchanged or December 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 of an investment in a QO Fund.
Barbara Weltman
Big Ideas for Small Business, Inc.
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