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Opportunity Zone Program Regulation Update


The Qualified Opportunity Zone Program (“QOZ Program”) final regulations were released on December 19, 2019 by the U.S. Treasury Department which, among other things, provided additional flexibility for K-1 partnership gains.


As a result, investors with K-1 partnership gains realized between January 1, 2020 and December 31, 2020 may be eligible for an investment in the QOZ Program along with the associated tax benefits until September 11, 2021.


K-1 PARTNERSHIP GAINS

Investors with K-1 gains realized in 2020 have until September 11, 2021 to complete an investment in a QOF (assuming a calendar-year partnership) and, going forward, have three options for calculating their 180-day window resulting in additional planning options for financial advisors well beyond March 31:

  1. 180 days starting with the date the asset is sold by the partnership;

  2. 180 days beginning on the last day of the partnership’s taxable year (December 31st for a calendar-year partnership); or

  3. 180 days starting on the date the partnership’s tax return is due, without any extension (March 15th for a calendar-year partnership).





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This is for informational purposes only, does not constitute as individual investment advice, and should not be relied upon as tax or legal advice. Please consult the appropriate professional regarding your individual circumstance.

There are material risks associated with investing in real estate securities including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal.

Securities offered through Concorde Investment Services, LLC, member FINRA/SIPC Insurance offered through Asset Strategy Financial Insurance Agency, Inc. (ASFG) Advisory services provided by Asset Strategy Advisors, LLC (ASA), a Registered Investment Advisor. CIS is independent of ASFG and ASA.