Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Paying Taxes

This past April, the U.S. Treasury released a second set of proposed regulations relating to the qual­ified opportunity zone program. These proposed regulations address a wide range of is­sues affecting owners of real property located in “qualified opportunity zones” who want to develop their property using capital furnished by qualified opportunity zone pro­gram investors.

From the per­spective of those owners, the most impor­tant issues addressed by this second set of proposed regula­tions relate to the cir­cum­stances under which (1) unimproved land or a vacant structure acquired by pur­chase or real property acquired under lease that is used in trade or bus­iness in a qualified op­portunity zone will be treated as “quali­fied oppor­tunity zone business pro­perty;” and (2) the ownership and operation of real property is deemed conducting an active trade or business.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


BTI - Bank & Capital Markets Tax Institute 2020Event

BTI provides leading tax professionals from financial institutions with unmatched tools and resources.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.