Single member QOF help

[James York]

I'm interested in investing in opportunity zones, but prefer to invest alone. Much of what I'm reading references partnerships and I've read that single member LLC can't be a QOF. Am I required to Involve someone else in my investment in order to qualify?

[Scott McIntosh]

@James York
A QOF must be a corporation or partnership — the IRS needs a regarded entity to be able to collect tax information about where QOF investment is flowing bad about compliance with the OZ investment requirements. 

Most of my clients who want a self-directed QOF create a simple husband-wife partnership, though you could do the same with a trusted friend or family member, too. The partnership does not need to be 50/50– it could be 99.9% and .1%, and both partners are not required to have capital gains.