Nonprofits can take advantage of the program.
Ask A Question
Can I start a church congregation in an OZ and have people contribute into a QOF to build a nonprofit church building?
Are there any special tax benefits or rules for nonprofits in OZs?
Answers
You cannot put a nonprofit enterprise in an OZ. You have to be running a Section 162 trade or business. Nonprofit entities can be QOF investors, though.
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