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What is considered as non-qualified OZ property for the purpose of the 90% QOF testing?
What is considered as non-qualified OZ property for the purpose of the 90% QOF testing?
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Any investment that is not invested in a qualified OZ property or business will be considered a non-qualified investment. The QOF must hold at least 90 percent of its assets in qualified opportunity zone property, determined by the average of the percentage of qualified opportunity zone property held in the entity as measured on two semi-annual testing dates.
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