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How can I directly invest into an QOZB to qualify for tax incentives?
I'm an experienced investor and I don’t need to go through a fund.
Answers
If you want to obtain the OZ deferral and exclusion benefits, you must invest in a QOF.
The Qualified Opportunity Fund vehicle is required in order to benefit from the deferral, step-up's and exclusions. If you do not feel comfortable investing in someone else's fund. The good news is that you can create your own. A QOF can be a simple Corporation or even a two-party partnership/LLC. Regardless, your deferred capital gain dollars must be invested in an entity that is electing to be a QOF.
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