The Internal Revenue Service (IRS) published a notice announcing a February 14 public hearing on Opportunity Zone regulations.
The public hearing will consider comments received and will address the proposed Opportunity Zone Guidance released in October 2018.
This is the next step in receiving guidance from the IRS as to the proposed treatment of capital gains invested under the Opportunity Zone program.
Additional guidance on proposed regulations should be available in March 2018 and are expected to clear the way for qualified opportunity funds to start investing in qualified opportunity property.
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