The Internal Revenue Service has provided guidance for qualified opportunity zone funds (QOFs) and their investors in response to the ongoing COVID-19 pandemic.
Notice 2020-39 (PDF) answers questions regarding relief from certain requirements under section 1400Z-2 of the Internal Revenue Code and the implementing regulations. Additionally, the IRS has updated the qualified opportunity zones frequently asked questions.
For more information about tax relief resulting from the COVID-19 pandemic, go to the Coronavirus Tax Relief and Economic Impact Payments page on IRS.gov.
