Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled "Can OZ Work for You?" by Keith Hamasaki, CPA

If you’ve ever wanted to help revitalize an economically distressed community but couldn’t justify it economically to
generate enough capital from investors, then the new Opportunity Zone Program may be the right answer for you.

What is the Opportunity Zone Program?

As part of the 2017 Tax Cuts and Jobs Act (TCJA), the Opportunity Zone Program was established, which allowed state
governors to designate certain areas as Opportunity Zones. A map of the California designated Qualified Opportunity
Zones1 is available online.2 Participants can potentially pay little to no tax on capital gains resulting from the sale of property,
so long as they 1) invest the proceeds within 180 days in a Qualified Opportunity Fund 2) have the fund hold at least 90%
of their assets in Qualified Opportunity Zone Property 3) have the...

Click below to read more on Opportunity Zone Funds

KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry. Volume 2, Issue 1 covers real estate trends and news including Opportunity Zones, Delaware Statutory Trusts, Cost Segregation, 1031 Exchange, Green Building Tax Incentives, and Qualified Improvement Property.