Qualified opportunity zone property can fall under three different umbrellas.
The first umbrella is as qualified opportunity zone stock which is a new issuance of stock in a domestic corporation that is a qualified opportunity zone business. The next is qualified opportunity zone partnership interest - capital or profits interest in a domestic partnership that is a QOZB. The last is a qualified opportunity zone business property - tangible property used in a trade or business where such property was acquired by purchase from an unrelated party after December 31, 2017, the original use of such property in the QOZ commences with the QOF or a qualified opportunity zone business (QOZB) (or such property is substantially improved while held by the QOF or QOZB), and during substantially all of the QOF’s or QOZB’s holding period for such property, substantially all of the use of such property was in a Qualified Opportunity Zone. In this video our speakers review these three options.
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