In October 2018, the Treasury Department and the IRS released highly anticipated regulatory guidance related to the Opportunity Zone program. The guidance answered a lot of questions and its generally favorable approach for real estate jump-started interest in the program.
But as Treasury admitted in the release there were still issues to be resolved and it promised another guidance. In the meantime, comment letters have been pouring in that, the writers hope, will have some influence on the final shape of the regulations.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
