Recent IRS Guidelines Remove Hurdles to Investing in Opportunity Zones
Tuesday, June 25, 2019
The IRS published its second round of proposed guidelines for regulating Opportunity Zones (IRS, 2019). In so doing, they removed some of the barriers to investing in Wyoming’s Opportunity Zones. With several rounds of proposed regulations, this additional clarity has been needed by many investors who were sitting on the sidelines.
Investors were waiting to see what the IRS would do in relation to specific clauses that could impact the success of their investments. “This set of proposed regulations removes many of the impediments that have kept capital on the sidelines instead of flowing into communities and supporting local growth,” said...