If you are a U.S. taxpayer, then you should be able to reinvent capital gains in an OZ.
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How can foreign nationals take advantage of the OZ incentive by investing capital gains?
Ho can foreign nationals benefit from the tax benefit of an OZ fund on capital gains? What forms will we need to fill out besides the 8949 and 8997?
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Only those taxpayers with capital gains subject to U.S. federal taxation may benefit from the OZ incentives, for example, gains related to real-estate properties. They will be required to file the forms and elections with their U.S. tax corresponding tax returns.
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