A view into the weeds

Two Opportunity Fund industry groups submitted letters to the Department of the Treasury in the past couple weeks.  Links to the letters are below.    These letters take the same approach – they identify points of friction that each group has come upon in its discussions about the Opportunity Fund legislation, and propose action the Treasury Department can take in its regulations …

Fortune Favors the Prepared

I recently wrote about the calls we get from people wanting to start Opportunity Funds.  We also hear from people who have projects in hand, located in Opportunity Zones, and they are looking for Opportunity Fund money.  This post is for them. If you have a project in an Opportunity Zone that you think can be funded with Opportunity Fund money, consider …

Gnawing at the bit?

We hear from people for whom the pace of clarity around Opportunity Funds is too slow.  Maybe they sold an asset and have gains they want to shelter; or they are holding an asset they want to sell, but only if they can roll the gain into an Opportunity Fund.  There aren’t any generally-available Opportunity Funds yet, so they ask, “Can I …

First ever opportunity fund website

Seattle, WA – April 17, 2018 –   Today, the first website dedicated to Opportunity Funds was launched at www.Opportunity-Funds.com.   Opportunity Funds, which were authorized as part of the Tax Cuts and Jobs Act that passed into law in December 2017, provide tax benefits to investors in exchange for investment in economically disadvantaged communities. An Opportunity Fund Rollover transaction allows any investor …