If you have realized gains to invest in an OZ, the sooner you fund your QOF, the sooner your 10-year timeline starts. What is time sensitive is that, as things stand now, any funds invested in a QOF after Dec. 31, 2019, will only realize a maximum 10% reduction in their taxes due at Dec. 31, 2026. Investments in a QOF after Dec. 31, 2019, will not have the ability to be held seven years before the deferral deadline that would increase the tax reduction from 10% to 15%. Once the funds are invested in the QOF, you have time to invest the QOF funds into OZ investments. As a result, there is no rush to invest in an OZ investment until you find a suitable opportunity you like. However, you must get the gains into the QOF within the 180 days after realization.