Brad Cohen
Jeffer Mangels Butler & MitchellSeptember 22, 2020
Yes.
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Do partnership tax rules apply in an QOZF?
If an OZ fund is structured as a partnership, do partnership tax rules still apply?
Answers
Yes.
Yes, they do, with the small exceptions or modifications provided in the OZ regulations.
Yes and it is very important to understand the treatment of partnership losses in a QOF where you may have no tax basis until 2026.
Yes, if the QOF is established as a partnership or LLC taxed as a partnership.
Yes.
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