How to invest in Opportunity Zones? Set Up a “Qualified Opportunity Fund”

To become a qualified Opportunity Fund, an eligible taxpayer can self certify by completing a form (Form 8996) and submitting the form with the taxpayer’s federal income tax return for the taxable year. A corporation or partnership uses Form 8996 to certify that it is organized to invest in qualified opportunity zone property. The IRS has released a draft of the certification form as well as draft instructions.

Link to certification form draft 

Link to draft instructions 

If you have additional questions, please refer to the IRS.gov FAQ page at this link Below:

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