Who and What Qualifies

•Under the code, a QOF must be “organized as a corporation or a partnership” for the purpose of investing in “qualified opportunity zone property”.


•In order to qualify as a QOF, an entity must hold at least 90 percent of its assets in “qualified opportunity zone property” (“QOZ property”).

•To qualify as a QOF, the entity will need to complete a self-certification form and attach that form to the entity’s federal income tax return for that year. No pre-approval  by the IRS is required.


•QOZ property means any of the following: qualified opportunity zone business property, qualified opportunity zone stock, and qualified opportunity zone partnership interests.


Read the rules and regulations from the IRS by clicking the link below: