Opportunity Zone Investors Want Covid-19 Deadline Certainty (1)

Investors seeking a set of capital gains tax breaks want the IRS and Treasury Department to extend key deadlines for the incentives as the Covid-19 pandemic slows down their developments.

The 2017 tax law created the benefit for investors who put profits into developments in nearly 9,000 census tracts, called opportunity zones, throughout the U.S. While huge stock market gains have been wiped out in the past few weeks, those with profits from the 2018 and 2019 boom years are seeing their projects stall or are wary of putting their money into startups or new construction as economic activity ...