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Opportunity Zone Tax Extension

Due to the worldwide COVID-19 pandemic, in June 2020 the IRS provided taxpayers additional
time to invest in Qualified Opportunity Zone Funds through the end of 2020. Since the original
deadline has passed and the pandemic is still ongoing, the IRS has again provided additional
relief for Opportunity Zone Fund investors.

Usually, a taxpayer would have 180 days after a capital gain is realized to invest in a Qualified
Opportunity Zone Fund. However, with this additional relief if the end of the 180-day
investment period falls on or after April 1, 2020 and before March 31, 2021, the last day of the
investment period is automatically postponed to March 31, 2021. The IRS effectively provided
three additional months to invest with this extension.

A few examples of who this affects are:

  • A business owner who sold their business on or after October 4, 2019 where some of the gain was a capital gain.
  • An investor who received a 2019 K-1 that reported capital gain.
  • An individual who sold stock on or after October 4, 2019, which includes the period of large selloffs in February and March 2020.

To find out more about Opportunity Zones and investment information visit the White House Opportunity Zone page. Visit CaliberFunds.co if you're interested in learning more about how you can roll over your capital gain into the Caliber Tax Advantaged OZ Fund.

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