What is a Qualified Opportunity Zone (QOZ) fund?
A QOZ fund is a private investment vehicle that invests in real estate or businesses located in federally designated Qualified Opportunity Zones. Eligible investors can defer tax on capital gains by reinvesting them into this type of fund or investment. They are also able to exclude the fund’s appreciation from tax if they hold it for at least 10 years. Tax benefits depend on individual circumstances and meeting program requirements.