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<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Blog RSS</title><link>jalanlewislaw.com/legal-journal/</link><pubDate>Fri, 09 Nov 2018 22:19:52 +0000</pubDate><item><title><![CDATA[Qualified Opportunity Zones]]></title><link>jalanlewislaw.com/legal-journal/qualified_opportunity_zones/</link><description><![CDATA[Qualified Opportunity Zones
The Tax Cuts and Jobs Act (P.L. 115-97 or New Tax Act) introduces a revitalization program for certain, designated low-income census tracts that benefits certain taxpayers.   It represents an opportunity for both real estate and operating businesses willing to locate in designated census tract areas and hold their investment for at least 10 years.  While the legislation leaves several open questions, the Internal Revenue Service on October 19, 2018 released]]></description><pubDate>Sat, 09 Nov 2019 00:00:00 +0000</pubDate></item><item><title><![CDATA[Opportunity Zone Summary]]></title><link>jalanlewislaw.com/legal-journal/opportunity_zone_summary/</link><description><![CDATA[Opportunity Zone – Primer/Summary Sheet

Capital Gain deferred – up to December 31, 2026 
and 
Investment exempt from income tax if held ten (10) years.

Gain must be put in a qualified opportunity fund (“QOF")

QOF - investment vehicle in which at least 90% of its assets are held in qualified opportunity zone (“QOZ”) property.

QOZ Property - 3 categories:      
     QOZ Stock
     QOZ Partnership Interest
     QOZ Business Property

QOZ Stock:
- acquired by QOF after December 31, 2017 for]]></description><pubDate>Fri, 09 Nov 2018 00:00:00 +0000</pubDate></item></channel></rss>
