You usually will value improvements at cost for purposes of the substantial improvement rules.
Ask A Question
How do I value improvements to an existing property?
Can I include the environmental remediation or utility upgrades even though they are also included in land on the QOF paperwork?
Answers
DISCLAIMER:the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal and financial experts prior to participating in any aspect relating to Opportunity Zones. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public; do not include confidential information in your question.