Qualified Opportunity Funds to defer capital gains tax

[Nancy Roth]

A new capital-gains deferral option was created by the tax act Congress passed in December 2017, which created a set of "Opportunity Zones" nationwide. According to the law Qualified Opportunity Funds (QOFs) can be established to channel investment into businesses or development in these under-capitalized Opportunity Zones, mostly in low-income or transitioning areas. The incentive for investors is the deferral of capital gains taxes in stages over a period of years. 

Has anyone been exploring this tax deferral strategy. My CPA thinks it's great, but it's very new. Opportunity Zones were only just published, and the Dept. of Treasury/IRS is still working out the rules. 

I realized a lump-sum profit on a tax-lien property I sold this year and am extremely interested in hearing any intelligence on it.