Tag: opportunity zones

Final Opportunity Zone Regulations Provide Clarity but Add Complexity

Filed in Multifamily, Tax Reform Toolkit by on February 4, 2020 0 Comments
Final Opportunity Zone Regulations Provide Clarity but Add Complexity

In late December, the Treasury Department and Internal Revenue Service released the final regulations on investing in qualified opportunity funds, which clarify many key issues regarding investments in opportunity zones and how to qualify for the associated tax benefits. NAHB has reviewed the final regulations and updated its frequently asked questions webpage to note key issues related to real estate investments.

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IRS and Treasury Finalize Opportunity Zone Regulations

Filed in Codes and Regulations, Multifamily by on December 20, 2019 0 Comments
IRS and Treasury Finalize Opportunity Zone Regulations

The Internal Revenue Service has issued final regulations providing details about investment in qualified opportunity zones.

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IRS Updates Form for Opportunity Zone Filings

Filed in Multifamily, Tax Reform Toolkit by on November 4, 2019 0 Comments
IRS Updates Form for Opportunity Zone Filings

The IRS has released a draft version of the updated Form 8996, which is required to be filed by all Qualified Opportunity Funds (QOFs). The IRS indicated earlier this year that it would further update this form, and it is likely a final version will be available prior to the end of the year.

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White House Launches Opportunity Zones Website

Filed in Multifamily, Tax Reform Toolkit by on October 1, 2019 0 Comments
White House Launches Opportunity Zones Website

The White House has announced a new website designed to serve as an information hub for the opportunity zones initiative established as part of the Tax Cuts and Jobs Act of 2017.

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What You Need to Know About IRS’ Updated Opportunity Zone Regulations

Filed in Multifamily, Tax Reform Toolkit by on May 22, 2019 1 Comment
What You Need to Know About IRS’ Updated Opportunity Zone Regulations

In April, the Treasury Department and IRS released a second set of proposed regulations related to the new opportunity zones tax incentive. NAHB has updated its resource page with a new FAQ outlining key points included in both sets of draft regulations.

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FHA Significantly Cuts Costs for Opportunity Zone Investors

Filed in Housing Finance, Multifamily by on May 9, 2019 0 Comments
FHA Significantly Cuts Costs for Opportunity Zone Investors

The Federal Housing Administration (FHA) announced today that it is reducing fees to provide greater incentives for multifamily developers to invest in Opportunity Zones across the nation.

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Treasury Announces New Opportunity Zone Regulations

Filed in Multifamily, Tax Reform Toolkit by on April 17, 2019 2 Comments
Treasury Announces New Opportunity Zone Regulations

The U.S. Treasury Department today issued its second set of proposed regulations related to the new opportunity zones tax incentive established as part of the Tax Cuts and Jobs Act of 2017.

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NAHB Resources Available to Help Navigate Opportunity Zones

Filed in Multifamily, Tax Reform Toolkit by on March 27, 2019 0 Comments
NAHB Resources Available to Help Navigate Opportunity Zones

Established as part of the Tax Cuts and Jobs Act of 2017, opportunity zones provide tax incentives for investors with capital gains to invest in underserved areas affected by poverty and unemployment. However, as a new tax incentive, many building industry members are still unclear on how to take advantage of this incentive. Learn more about the resources available through NAHB.

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Trump Signs Executive Order on Opportunity Zones

Filed in Codes and Regulations, Multifamily, Tax Reform Toolkit by on December 14, 2018 1 Comment
Trump Signs Executive Order on Opportunity Zones

President Trump yesterday signed an executive order to spur more investment in opportunity zones, a new type of economic development incentive created by the Tax Cuts and Jobs Act of 2017.

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How Do Opportunity Zones Work?

How Do Opportunity Zones Work?

To help further clarify what opportunity zones and QOFs are, and how the associated tax benefits work, NAHB has provided answers to several of the most common questions on the subject.

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