<p>This course will be an overview of:</p> <ul> <li>Legislative history and framework of Opportunity Zones under TCJA and OBBBA</li> <li>Opportunity zone designation process, eligibility standards, and decennial redesignation</li> <li>Three-tier investor tax benefits: gain deferral, basis step-ups, and appreciation exclusion</li> <li>Eligible gains, the 180-day investment window, and inclusion events</li> <li>Qualified Opportunity Fund structure, self-certification, and the 90% asset test</li> <li>Qualified Opportunity Zone Business Property qualification, including original use and substantial improvement</li> <li>The four-part QOZB testing framework and compliance safe harbors</li> <li>Enhanced reporting under IRC Sec. 6039K and annual filing requirements</li> <li>Standard versus rural Opportunity Zone benefits and enhanced incentives</li> </ul>