Puerto Rico Governor Seeks to Move $400M into Opportunity Zone Projects

Nationwide, most of the areas face elevated poverty or limited household income.Source: finance-commerce.comPuerto Rico (P.R.) is seeking approval from the U.S. to put about $400 million of federal aid toward opportunity zone projects. These projects allow investors an ample tax incentive, while creating the opportunity for robust growth in stressed…

Opportunity Zone Investing: How is Debt Handled in Determining the Basis Step-up After 10 Years?

Investors in qualified opportunity zone partnerships are concerned about how their investment will be valued after 10 years when they can sell the asset or elect a basis step-up to “fair market value.” Forrest Milder of Nixon Peabody walks through the computation when the investment is partially...Source: news.bloombergtax.com