IRS & Treasury Issue Final Opportunity Zone Regulations

The U.S. Treasury Department and the Internal Revenue Service released final regulations for investments in opportunity zones. The regulations provide additional guidance for deferring gains invested in equity interests in qualified opportunity funds (QOFs); excluding additional gains from gross income after holding equity interests for at least 10 years; and for an entity to qualify as a QOF. For more information, click here for the Treasury's press release.