By Lisa Zarlenga and John Cobb ( April 25, 2019, 3:49 PM EDT) -- Qualified opportunity zones, or QOZs, are a creature of the so-called Tax Cuts and Jobs Act[1] and provide three tax benefits to encourage economic growth and investment in distressed communities: (1) deferral of gain recognition to the extent a taxpayer elects to invest a corresponding amount in a qualified opportunity fund, or QOF, (2) exclusion from income of up to 15% of that gain — 10% after five years and an additional 5% after seven years and (3) exclusion from income of certain post-acquisition gains on investments in the QOF held for at least 10 years.[2]...
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