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Attorney

Brett Siglin

Phoenix, AZ

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About Brett Siglin

Brett Siglin is a corporate/securities attorney. He is currently a member of Jennings Strouss, based in Phoenix, Arizona. Jennings Strouss, founded in 1942, has offices in Arizona and Washington, D.C. The firm practices a variety of legal fields, from business litigation (such as real estate, bankruptcy and employment law) to estate planning, administration and probate law.

At the firm, Siglin focuses on business law matters, including corporate structuring, joint ventures, bond financing, syndication of equity, contract negotiation, regulation and compliance, tax credits, property tax exemptions, real estate acquisition and development. Siglin is experienced with utilizing federal and state tax credits, resolving complex tax issues and tax-exempt bond financing to structure transactions.

Prior to joining Jennings Strouss, Siglin served as an attorney advisor for the U.S. Department of Housing and Urban Development. Siglin is admitted to practice in Arizona, Minnesota, Maryland, Illinois and the District of Columbia. He is a member of the American Bar Association and the National Leased Housing Association.

He has a bachelor’s degree from the University of Illinois, a J.D. from American University and an LL.M. in taxation from Georgetown University Law Center.

Company

Jennings Strouss & Salmon

Address

1 E Washington, Phoenix

TOTAL ANSWERS

67

Answers to Opportunity Zones

67 Questions Answered

How can I refinance proceeds from a Qualified Opportunity Fund and leverage distributions?

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How can a Qualified Opportunity Fund have multiple tiers of structures?

11 Members Answered

Is there a way to structure a QOF so that it can accept non-qualified OZ investment funds in tandem with qualified investments, then pay out the benefit to the non-qualified investors?

15 Members Answered

If my primary residence is located in an Opportunity Zone, is there any way that I can take advantage of the OZ program?

14 Members Answered

How does one determine the election of the capital gains deferral effect on whether the gain qualifies as short-term or long-term capital gains?

11 Members Answered

What if a taxpayer makes an equity investment in a QOF by contributing property in a nonrecognition transaction?

12 Members Answered

Can a QOF be structured to pay dividends to nonqualified investors without creating a taxable event for qualified investors?

11 Members Answered

Could Opportunity Zone businesses have operations in multiple Opportunity Zones?

8 Members Answered

If a vacant building located in an Opportunity Zone was purchased in November 2017 for future adaptive re-use development, can it still qualify under the existing purchasing LLC?

5 Members Answered

Are there classes of Opportunity Zones?

11 Members Answered

What types of gain can be deferred through investment in a QOF?

11 Members Answered

How does an entity become a Qualified Opportunity Fund (QOF)?

11 Members Answered

How do carried interests qualify for Opportunity Zone tax benefits?

12 Members Answered

Regarding recycling of distributed capital, what are the rules on investors redeploying cash distributed from one fund into another without recognizing the gain?

6 Members Answered

How do I prove that my building has been vacant for five years prior to being purchased by a QOF or QOZ business?

7 Members Answered

I deferred gain based on an investment in a QOF, and now that QOF has dissolved before the end of my deferral period. What happens to my deferred gain?

6 Members Answered

How can I defer bitcoin capital gains through a purchase of real estate in a Qualified Opportunity Zone?

5 Members Answered

How can pre-existing entities qualify in a Qualified Opportunity Fund?

5 Members Answered

How can tribal governments benefit from Opportunity Zones?

4 Members Answered

What are the rules regarding what can be in a Qualified Opportunity Fund?

14 Members Answered

How can I elect to defer tax on a gain if I have already filed my tax return?

20 Members Answered

How important is it to go with a fund that has a formal opinion issued in connection with their Qualified Opportunity Fund?

13 Members Answered

How do I qualify as an Opportunity Zone business?

8 Members Answered

How does leased property used by a QOZB get treated?

11 Members Answered

What happens if I invest in a QOF, but they don’t deploy my funds before the testing period?

16 Members Answered

When do the Opportunity Zones expire?

2 Members Answered

How do the new Opportunity Zone regulations treat substantial improvements?

6 Members Answered

What happens to the tax benefits of an Opportunity Zone fund if its original owner dies?

9 Members Answered

Is there flexibility on the 31-month safe harbor rule?

11 Members Answered

Can you contribute a note payable instead of cash to an QOF?

8 Members Answered

Is there a deadline for when I need to deploy funds to benefit from the 10-year tax deferral?

7 Members Answered

How do I self-certify to set up my own OZ fund and what are the costs involved?

7 Members Answered

Can a QOF itself invest in another QOF?

14 Members Answered

What happens if a developer purchases land before establishing a QOF or QOZB?

5 Members Answered

How can a QOZB meet the 50% of gross income test?

5 Members Answered

How can I combine the New Markets Tax Credit program with the Opportunity Zone program?

2 Members Answered

How do Opportunity Zone investments compare with a 1031 exchange?

3 Members Answered

How can I build a facility in the co-working sector by creating a QOF to get investments?

2 Members Answered

How can I get the Opportunity Zone benefits for the property I bought in California?

3 Members Answered

How can REITs be combined with the Opportunity Zone tax incentives to create tax savings for investors who want to invest eligible gains?

1 Members Answered

How do Qualified Opportunity Funds measure the impact they are having in the communities where they invest?

3 Members Answered

Are there still states that do not conform to the federal Opportunity Zone program?

3 Members Answered

How would the Ways and Means Committee’s proposed tax bill this week impact my IRA investments and Opportunity Zone investments?

2 Members Answered

Can I still defer tax on capital gain I invested in a QOF since I have already filed my 2021 tax return?

4 Members Answered

What should I check before investing my capital gains in an Opportunity Zone fund?

3 Members Answered

How can Opportunity Zone investing help with the housing crises?

4 Members Answered

How can a partnership become a Qualified Opportunity Fund?

3 Members Answered

How will the new SEC exemption order on broker registration and the expansion of the accredited investor definition impact Opportunity Zone investing?

1 Members Answered

What is the role of the fund manager in a Qualified Opportunity Fund?

2 Members Answered

Since South Florida is promoting itself as a cryptocurrency innovation hub and there is now a “MiamiCoin,” does that mean I can invest in Opportunity Zones using digital currency in this state?

2 Members Answered

How can I get a tax break for the staff I hire in my QOZB?

3 Members Answered

How can a Qualified Opportunity Fund establish a Qualified Opportunity Zone Business and the QOF then invest in the QOZB?

2 Members Answered

How can my operating business meet the QOZ business requirements?

2 Members Answered

What is the deal with reinvested capital gains in an Opportunity Zone, is it double taxed?

4 Members Answered

How can I permanently exclude gains investing in an Opportunity Zone?

4 Members Answered

How can I invest in a Qualified Opportunity Fund using my capital gains from cryptocurrency?

5 Members Answered

How can I create a crowdfunded Qualified Opportunity Fund?

3 Members Answered

Does Puerto Rico offer other additional tax incentives for investors who invest in the island’s Opportunity Zones?

3 Members Answered

How does the gain exclusion on appreciation in Opportunity Zones work?

4 Members Answered

Since two of the four Opportunity Zone tax incentives have expired, is there any movement on extending the 2026 deadline to keep the zones going?

4 Members Answered

How can my development in an Opportunity Zone both be a REIT and a QOF?

2 Members Answered

How can security laws impact a Qualified Opportunity Fund?

1 Members Answered

What types of gains are eligible for deferral if I invest in a Qualified Opportunity Fund?

3 Members Answered

What happens if I sell my Opportunity Zone project before 10 years?

3 Members Answered

What happens if the Opportunity Zone project I invest in fails, am I protected?

2 Members Answered

How can an investor invest directly into an Opportunity Zone business to qualify for associated tax incentives?

6 Members Answered

How can I create a Qualified Opportunity Fund for my development if I am located in a state that doesn’t conform to the OZ program?

3 Members Answered

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