5 Unanswered Questions in IRS' Opportunity Zone Guidance

Law360 Tax Authority reached out to Wendi Kotzen of Ballard Spahr’s Real Estate Tax Group for an article on the IRS' recently proposed guidance to regulate tax incentives for investments in economically distressed areas,

"What we hope to find out is whether if you buy land only, do you have to spend an amount equal to the cost of the land to substantially improve it? … Is the land automatically a good asset?" Ms. Kotzen said.

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