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New Opportunity Zone Tax Guidance Expands Borrowing, Other Benefits for Real Estate Investors

The Internal Revenue Service will be examining new guidance on the Opportunity Zone real estate tax incentive program. Accountants poring over the Treasury Department’s newly issued guidelines for Opportunity Zone tax incentives say they are uncovering additional benefits for commercial real estate investors such as allowing borrowed funds to be used for improvements. The incentives created by the 2017 Tax Cuts and Jobs Act are designed to spur…

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