IRS extends deadline to invest in Opportunity Zone Funds in response to pandemic

In response to the economic effects of the coronavirus pandemic, the federal government has extended the deadline for investors to place their funds in tax-advantaged Opportunity Zone funds.

People with a capital gains event on or after Oct. 4, 2019 now have until July 15 to invest their gains into a qualified Opportunity Zone fund, an extension that directly benefits two San Jose-based Opportunity Zone developers.

Opportunity Zone Funds invest people’s capital gains into so-called “Opportunity…

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