How can a Qualified Opportunity Fund sell assets and reinvest the proceeds without causing its investors to owe tax?
Questions & Answers

How can a Qualified Opportunity Fund sell assets and reinvest the proceeds without causing its investors to owe tax?

I want to create an Opportunity Fund in an Opportunity Zone. I am wondering if I sell the assets of the fund in the future before all investors exit, and reinvest the proceedings to create a new Opportunity Fund, will these investors be impacted?

Answers

Korosh Farazad

On Korosh Farazad answered:

Strongly recommend to connect with a tax advisor.