References

NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.


QOZ At-a-Glance 1300w

From NAR

Coalition Letter to Secretary of the Treasury (National Association of REALTORS®, Mar. 17, 2020)

Qualified Opportunity Zones Toolkit (National Association of REALTORS®, Summer 2019) – A resource for Associations to use as they work with state and local Economic Development Organizations, Opportunity Funds, and their membership to plan and implement development in QOZs.

Overview

Final Rules Issued on Qualified Opportunity Zones (National Association of REALTORS®, December 20, 2019)

Opportunity Zones Frequently Asked Questions (Internal Revenue Service, Jan. 11, 2019) — These FAQs (and answers) help to explain opportunity zones and give links to the IRS notices and resources for opportunity zones.

Qualified Opportunity Zones Background (National Association of REALTORS®, Fall 2018) – General questions, and links to additional resources, including a list of designated QOZs, a map of QOZs, and proposed rules by the Treasury.

Webinar: Capitalizing on Opportunity Zones and Section 199A (National Association of REALTORS® - login required) — NAR representatives discuss how these two new developments will affect the commercial real estate industry.

Opportunity Zones Proposed Rules Released (NAR Washington Report, Oct. 26, 2018) — explains that the Treasury Department released proposed rules for the Qualified Opportunity Zones program.

Trump Administration Unveils New Rules for Opportunity Zones (HousingWire, Oct. 22, 2018) — explains the Opportunity Zone tax breaks for investors, but it also links (at the bottom of the article) to the IRS’s guidance for Opportunity Zone Funds.

Locating QOZs

Treasury, IRS Issue Proposed Regulations on New Opportunity Zone Tax Incentive (Internal Revenue Service, Oct. 19, 2018) — Includes a list that can be useful for understanding what Opportunity Zones exist in your area.

Real Estate & Passthrough Corner: Real Estate Finance Post-Tax Reform: New Markets Tax Credit, Rehabilitation Tax Credit and Qualified Opportunity Zones — (Journal of Passthrough Entities, May/Jun. 2018) — Offers a great flow-chart about how to set up Qualified Opportunity Funds and how those invest in Qualified Opportunity Zones. E

Considerations

Be An Opportunity Zone Leader (REALTOR® Magazine, Oct. 30, 2019)

Ensuring Opportunity Zones Work for All (REALTOR® Magazine, May 15, 2019)

IRS Issues Guidance Relating to Deferral of Gains for Investments in a Qualified Opportunity Fund (Internal Revenue Service, Apr. 17, 2019)

Opportunity Zones Hype Overshadows Potential Pitfalls and Risks (National Real Estate Investor, Mar. 26, 2019) — This article discusses how the tax benefits can blind investors to the project's lack of viability and social impact.

Recent Developments & Observations: Qualified Opportunity Zones — A Boon With Uncertainty (Journal of Passthrough Entities, Sep./Oct. 2018) — Looks at the new qualified opportunity fund and how it raises some of the difficult questions that arise under the new law, including the restrictions on opportunity zone business growth, the hazy definition of “substantial improved property” to qualify for tax breaks in an opportunity zone, the amount of unqualified property an investor may hold in opportunity zone assets, and the disparity in the tax basis. E

Worth the Risk? Opportunity Zone Investments Can Come With Their Share of Pitfalls (National Real Estate Investor, Jul. 2018) — This article talks about the potential downfalls of investing in opportunity zones. E

Opportunity Zones: Vital Tool or Tax Windfall for Rich? (Washington Informer, Oct. 11, 2018) — This short article talks about African Americans can benefit from the Opportunity Zone program. E

Tax Breaks Open Up Opportunity Zones for Investors (REALTOR® Magazine Daily News, Oct. 22, 2018) – Investors could be eligible for significant tax breaks when purchasing property in distressed economic areas across the country that the U.S. Treasury Department has labeled “opportunity zones.”

Tax Reform Opens New Opportunities for Commercial Real Estate (REALTOR® Magazine, Nov. 2, 2018) – Changes to the way investors, landowners, and real estate professionals pay taxes have the potential to impact the commercial market.


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