QOF investments are solid until the end of 2046.
Answers
Opportunity Zones are designated as such for 10 years, but according to the proposed IRS regulations investors can continue to hold their investments in Qualified Opportunity Funds through 2047 without losing tax benefits. Invested gains are deferred through only Dec. 31, 2026, or the date of sale or exchange, whichever occurs first. The extended holding period (through 2047) benefits the taxpayer holding the investment for at least 10 years, enabling the taxpayer to elect to step up basis in such event to the fair market value of the investment on the date the sale is sold or exchanged.
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