A new tax form proposed by the IRS and Treasury Department would collect information on opportunity zone investments.
The document, Form 8996, would require a qualified opportunity fund to report the employer identification number of each business in which the fund has an ownership interest. The form would also require the fund to disclose the census tract location of the business’s tangible property and the value of the fund’s investment.
- “This type of information will allow the Department to monitor the amount of investment received by different tracts over time,” Treasury said in an Oct. 31 news ...