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What happens with the 70% tangible property requirement and Working Capital Safe Harbor when cash is invested by a start-up business in an Opportunity Zone?

What about the Nonqualified Financial Property requirement that needs to be met by a Qualified Opportunity Zone Business?


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  • Matthew Rappaport
    August 25, 2021

    The Service recently came out with regulatory clarifications saying these requirements are NOT on hold during the Working Capital Safe Harbor period. Instead, the working capital subject to the safe harbor is exempt from testing. But the QOF and QOZB are not exempt from the testing as a whole.

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