KPMG report: COVID relief extended for qualified opportunity funds and investors
COVID relief extended for qualified opportunity funds
The IRS released Notice 2021-10, which expands and extends previous relief granted in response to the ongoing coronavirus (COVID-19) pandemic.
While the pandemic has disrupted aspects of qualified opportunity zone (QOZ) planning and development, qualified opportunity funds (QOFs) and potential QOF investors were able to rely on much-needed relief for the 2020 tax year based on Notice 2020-39 (June 2020). The new notice amplifies the earlier guidance
Read a January 2021 report [PDF 77 KB] prepared by KPMG LLP: What’s News in Tax: COVID Relief Extended for Qualified Opportunity Funds and Investors
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