Treasury Rules Clarify Deferral of Gains from Opportunity Zones
October 23, 2018

On Friday, October 19, 2018, Treasury issued much anticipated proposed guidance on Opportunity Zones. The documents define the type of gains that are eligible for deferral, specifics on various timelines, and many other relevant issues. This first round of guidance will help clarify the process that investors need to follow to help potentially defer and reduce capital gains along with possibly excluding taxes on gain for Opportunity Zone investments. To learn more please visit the Opportunity Zone Resource Center on our website.

You might also like

Tips for a Faster Month-End Close

Tips for a Faster Month-End Close

Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from across the organization. This process can strain internal resources, potentially leading to delayed financial reporting,...

read more