Transfer Of TitleTaxes
Transfer Of Title Practice Question
Which of the following is NOT a requirement for Qualified Opportunity Zone investments?
A
The property must be in a designated Opportunity ZoneB
The investment must be made through a Qualified Opportunity FundC
The investor must live in the Opportunity ZoneD
Substantial improvement must be made within 30 months for existing buildingsExplanation
Qualified Opportunity Zone investments do not require the investor to live in the zone. The investment must be in a designated zone, made through a Qualified Opportunity Fund, and for existing property, substantial improvements (equal to the purchase price) must be made within 30 months.
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