If it's done directly, it could be an inclusion event, so you'd need to consult your tax advisor about consequences.
Ask A Question
If I give my Opportunity Zone investment to my child before the deferral period has ended, what do I need to do?
Answers
A gift of a qualifying interest to your child prior to December 31, 2026 will be an inclusion event (unless it is occasioned upon your death). Accordingly, you'll need to report the gift on Form 8997 for the year in which it occurs and pay the income tax on the resulting gain.
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.