What is the difference between 1031 and QOZ?

You will pay tax on the original capital gain but you can defer it until 2026
You won’t pay capital gains tax on the appreciation of the OZ investment as long as you hold it for at least 10 years
OZ Funds and the corresponding OZ tax benefits and regulations work for development deals but do not work for acquiring stabilized properties
You only need to invest your capital gains, not the entire proceeds from the sale