John Sciarretti, CPA, Speaks at IRS OZ Proposed Regulations Hearing


Novogradac partner John Sciarretti, CPA, represents the Novogradac Opportunity Zone Working Group at the July 9, 2019, Treasury hearing on proposed opportunity zones regulations.

John discusses three topics:
1. The special amount includible rule in the case of an inclusion event for investments in qualified opportunity fund (QOF) partnerhips and QOF S corporations.
2. The special 10-year exclusion election rule for QOF partnerships and QOF S corporations.
3. A grace period for QOFs and QOZBs to use property in a trade or business.

Learn more about opportunity zones at www.opportunityzonesresourcecenter.com.

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