KPMG report: Qualified opportunity zone rules, as of June 2020

Qualified opportunity zone rules, as of June 2020

As with almost all current developments, the ongoing pandemic has significantly disrupted aspects of qualified opportunity zone (QOZ) planning and development.


Related content

Fortunately for qualified opportunity funds (QOFs) and potential QOF investors, recent guidance from the IRS—Notice 2020-39—as well as some corrective changes in the final QOZ regulations provide much-needed relief for the 2020 tax year and beyond.

Read a June 2020 report [PDF 88 KB] that provides a brief update focusing on the relief provided in Notice 2020-39 and how QOFs and QOF investors may maximize the potential flexibility allowed by this guidance: What’s News in Tax: Qualified Opportunity Zone Rules as of June 2020—Checking In and Checking Up

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal