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Updated almost 4 years ago on . Most recent reply

User Stats

92
Posts
9
Votes
Raza Rizvi
  • Rental Property Investor
  • New York, NY
9
Votes |
92
Posts

Opportunity Fund Question

Raza Rizvi
  • Rental Property Investor
  • New York, NY
Posted

Hello, I had a question regarding my qualified opportunity fund. I sold a property back in July 2019 and created a QOF and transferred all the capital gains in that fund back in Dec 2019. I understand there is an extension for investors due to COVID 19. My question is, how much time (if any) do I have to purchase the real estate investment in the OZ? Or have i lost my window of opportunity on July 15th? I came across this article that gives me hope. Hoping someone will be able to help me address my concern. Thanks 

https://therealdeal.com/2020/06/05/opportunity-zones-investors-get-a-covid-19-lifeline/

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