On Friday, the Treasury Department released new regulations on the Opportunity Zones program—an investment tool established by 2017’s Tax Cuts and Jobs Act—that will allow investors to defer and eliminate capital gains taxes on gains from investments in economically-distressed localities.

The new rules provide some clarity on how investors can qualify for the tax break, but there are still plenty of unanswered questions and potential issues that could arise during implementation.

Read the full article online here – https://taxfoundation.org/new-proposed-opportunity-zones-regulations/