• NY Apartment Law
  • Fair & Affordable Housing
  • Commercial Lease Law
  • Guidebooks
  • Archives
  • Main Articles
  • Dealing with…
  • Departments
  • eAlerts
  • Log In
  • Log Out
  • My Account
  • Subscribe
  • NY Apartment Law
  • New York Apartment Law Insider
  • New York Landlord V. Tenant
  • Co-Op & Condo Case Law Digest
  • New York Rent Regulation Checklist, Fourth Edition
  • 2025 New York City Apartment Management Checklist
  • Fair & Affordable Housing
  • Fair Housing Coach
  • Assisted Housing Management Insider
  • Tax Credit Housing Management Insider
  • Fair Housing Boot Camp. Basic Training For New Hires
  • Commercial Lease Law
  • Commercial Lease Law Insider
  • Best Commercial Lease Clauses, 17/e
  • Best Commercial Lease Clauses: Tenant's Edition
  • Best Commercial Lease Clauses, 17/e
  • Best Commercial Lease Clauses, 17/e
  • Main Articles
  • Features
  • Certification
  • Compliance
  • Income Calculations
  • Maintenance
  • Rents
  • Verification
  • Dealing with…
  • Dealing with Employees
  • Dealing with Households
  • Dealing with Owners
  • Dealing with the IRS
  • Dealing with State Housing Agency
  • Departments
  • Dos & Donts
  • In the News
  • Private Letter Rulings
  • Q&A
  • Ask the Insider
June 12, 2025
We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
The Habitat Group Logo
  • NY Apartment Law
    • New York Apartment Law Insider
    • New York Landlord V. Tenant
    • Co-Op & Condo Case Law Digest
    • New York Rent Regulation Checklist, Fourth Edition
    • 2025 New York City Apartment Management Checklist
  • Fair & Affordable Housing
    • Fair Housing Coach
    • Assisted Housing Management Insider
    • Tax Credit Housing Management Insider
    • Fair Housing Boot Camp. Basic Training For New Hires
  • Commercial Lease Law
    • Commercial Lease Law Insider
    • Best Commercial Lease Clauses, 17/e
      • Best Commercial Lease Clauses, 17/e
    • Best Commercial Lease Clauses: Tenant's Edition
  • Guidebooks
  • June 12, 2025
  • Log In
  • Log Out
  • My Account
  • Subscribe
  • June 12, 2025
tchmi.webp
  • Archives
  • Main Articles
    • Features
    • Certification
    • Compliance
    • Income Calculations
    • Maintenance
    • Rents
    • Verification
  • Dealing with…
    • Dealing with Employees
    • Dealing with Households
    • Dealing with Owners
    • Dealing with the IRS
    • Dealing with State Housing Agency
  • Departments
    • Dos & Donts
    • In the News
    • Private Letter Rulings
    • Q&A
    • Ask the Insider
  • eAlerts
Free Access
The Habitat Group Logo
June 11, 2025
  • Log In
  • Log Out
  • My Account
Home » IRS Releases Second Set of Opportunity Zones Guidance

IRS Releases Second Set of Opportunity Zones Guidance

May 16, 2019

In October 2018, the IRS published the first set of proposed regulations providing much of the direction taxpayers had been seeking. And while those regulations represented a step forward in understanding how to implement an Opportunity Zone project, many questions remained. Recently, the IRS sought to address many of those questions by publishing a second set of proposed regulations.

The 169-page document provides guidance on a range of technical issues that investors, fund managers, and other stakeholders have been waiting for clarification on. These regulations provide much needed clarity on conducting an operating business within a qualified Opportunity Zone, while also providing additional flexibility for qualified Opportunity Funds that wish to purchase raw land, lease property to be used in their business, receive ongoing inflows of invested capital, or dispose of assets and reinvest the proceeds in replacement property. In addition, the latest regulations provide relief for those investors who don’t sell their interest in a qualified Opportunity Fund after 10 years, but rather cause the Opportunity Fund to sell its assets.

The proposed guidance notably doesn’t include reporting requirements. But the Treasury also released a request for information on data collection and tracking for Opportunity Zones. It’s expected that reporting requirements will be addressed in the coming months.

In the News
    • Related Articles

      IRS Issues Final Regs on Opportunity Zones

      IRS Releases Updated Priority Guidance Plan

      Treasury Department Releases Second Update to Priority Guidance Plan

    • Publications
      • Assisted Housing Management Insider
      • Commercial Lease Law Insider
      • Co-op & Condo Case Law Tracker Digest
      • Fair Housing Coach
      • New York Apartment Law Insider
      • New York Landlord v. Tenant
      • Tax Credit Housing Management Insider
    • Additional Links
      • Contact Us
      • Advertise
      • Group Subscriptions
      • Privacy Policy
    • Boards of Advisors
      • Assisted Housing Management Insider
      • Commercial Lease Law Insider
      • Fair Housing Coach
      • New York Apartment Law Insider
      • Tax Credit Housing Management Insider
    ©2025. All Rights Reserved. Content: The Habitat Group. CMS, Hosting & Web Development: ePublishing
    The Habitat Group Logo
    • NY Apartment Law
      • New York Apartment Law Insider
      • New York Landlord V. Tenant
      • Co-Op & Condo Case Law Digest
      • New York Rent Regulation Checklist, Fourth Edition
      • 2025 New York City Apartment Management Checklist
    • Fair & Affordable Housing
      • Fair Housing Coach
      • Assisted Housing Management Insider
      • Tax Credit Housing Management Insider
      • Fair Housing Boot Camp. Basic Training For New Hires
    • Commercial Lease Law
      • Commercial Lease Law Insider
      • Best Commercial Lease Clauses, 17/e
        • Best Commercial Lease Clauses, 17/e
      • Best Commercial Lease Clauses: Tenant's Edition
    • Guidebooks
    • June 12, 2025
    • Log In
    • Log Out
    • My Account
    • Subscribe
    • June 12, 2025
    tchmi.webp
    • Archives
    • Main Articles
      • Features
      • Certification
      • Compliance
      • Income Calculations
      • Maintenance
      • Rents
      • Verification
    • Dealing with…
      • Dealing with Employees
      • Dealing with Households
      • Dealing with Owners
      • Dealing with the IRS
      • Dealing with State Housing Agency
    • Departments
      • Dos & Donts
      • In the News
      • Private Letter Rulings
      • Q&A
      • Ask the Insider
    • eAlerts
    Free Access
    The Habitat Group Logo
    June 11, 2025
    • Log In
    • Log Out
    • My Account