Opportunity Zone FAQs

Here are some of the most frequently asked questions about Opportunity Zones and Qualified Opportunity Funds.

General Questions

• What are Opportunity Zones, and how do they work?
• What are the tax advantages of Opportunity Zones?
• Are Opportunity Zones still in effect in 2025?

For Property Owners & Developers

• How do you determine if a property is in an Opportunity Zone?
• What does it mean if a property is in an Opportunity Zone?

For Investors

• What is the 180-day rule for Opportunity Zones?
• What is the 10-year rule for Opportunity Zones?
• How do I report an Opportunity Zone fund on my taxes with IRS Form 8997?
• Can you invest in Opportunity Zones without capital gains?

For Qualified Opportunity Funds

• What is a Qualified Opportunity Zone Fund?
• What is the 30-month substantial improvement rule for Opportunity Zones?
• What is the 31-month working capital safe harbor rule for Opportunity Zones?
• What is the 90% rule for Qualified Opportunity Zone Funds (QOFs)?
• What is IRS Form 8996, and who needs to file it?