Opportunity Zones

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The Map above shows the approved National City Opportunity Zones.

Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by the chief executives of every U.S. state and territory

The Information below was pulled from the IRS website on 6/29/2021.

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For a full list of Opportunity Zone Regulations please visit the IRS website.
Click here to view an interactive map of the designated tracts for California. (cafinance.maps.arcgis.com)
Click here to download a large, non-interactive map (28 inches x 40 inches) of the designated tracts for California.

What Is A Qualified Opportunity Zone (QOZ)?

QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service (IRS).

What Is The Purpose Of A QOZ?

Do I Need To Live In A QOZ To Take Advantage Of These Tax Incentives?

What Is A Qualified Opportunity Funds (QOF)?

How Does A Corporation Or Partnership Become Certified As A QOF?

What Types Of Gains Are Eligible For Deferral if I Invest In A QOF?

Gains that may be deferred are called “eligible gains.” They include both capital gains and qualified 1231 gains, but only gains that would be recognized for federal income tax purposes before January 1, 2027, and that are not from a transaction with a related person. For you to obtain this deferral, the amount of the eligible gain must be timely invested in a QOF in exchange for an equity interest in the QOF (qualifying investment). Once you have done this, you can claim the deferral on your federal income tax return for the taxable year in which the gain would be recognized if you do not defer it.

National City, CA

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Opportunity Zones

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