You can Only hold land for a short period. You need a plan to develop it.
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How can my QOF hold land for future investments and receive OZ benefits?
How can my QOF hold land for future investments and receive OZ benefits?
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The anti-abuse regulations say that the IRS does not want QOFs or QOZBs to engage in land speculation, so you'd be taking what I would consider an unreasonable risk in trying to "land bank" through an OZ investment.
Land must be used in an active trade or business. Holding land for investment is not a qualified property.
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