Do I get both benefits when combining SDIRA and the OZ tax incentive?
Investing in an SDIRA will make the OZ benefits moot. No matter what, when money exits an SDIRA, it is either taxable (in the case of a traditional account) or non-taxable (in the case of a Roth). Investing through the OZ program will not change this. There is no special treatment for OZ investments inside an SDIRA.
Yes, you can use a SDIRA to fund an opportunity zone investment that you do not manage directly. If you manage the investment directly, you risk the tax deferral benefits of the IRA. The fund would have to be willing to accept the investment and not all will however as they then need to compute the UDFI that may flow to the IRA (for leverage put on the investment). This can create a taxable event for the SDIRA requiring a trust return to be filed.
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