IRS Publishes Rev. Rul. 2018-29 | Original Use Requirements For Land

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Important update for real estate investors and developers. In addition to the proposed regulations, Treasury and the IRS issued an additional piece of guidance to aid taxpayers in participating in the qualified Opportunity Zone incentive. Rev. Rul. 2018-29 provides guidance for taxpayers on the “original use” requirement for land purchased after 2017 in qualified opportunity zones. […]

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Overview of IRS Guidance | October 19, 2018

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Here’s the overview published by the Treasury, IRS of the proposed regulations on the new Opportunity Zone tax incentives. After you read the overview be sure to read the proposed regulations. R-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new […]

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