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What constitute a resale of a security in a Qualified Opportunity Zone Business?

How can I avoid that?


Answers
  • Marko Belej
    October 14, 2022

    I'm not sure if this answers your question, but if you want the security in the qualified opportunity zone business (QOZB) to qualify as qualified opportunity zone property (QOZP), i.e., as a "good asset" for a qualified opportunity fund (QOF), then the security should not be resold or otherwise transferred after it has been acquired by a QOF at its original issuance. There is no rule that treats interests in QOZBs that are acquired from third parties as good QOZP (by contrast, there is a rule permitting the acquisition of interests in QOFs from third parties).

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