Treasury Offers Broad Opportunity Zone Investor Relief (1)

Treasury guidance offering blanket relief for investors in tax-advantaged opportunity funds was widely lauded by proponents of the tax breaks and those who advise on them.

The Thursday guidance is meant to help investors who are financing developments in case they are suffering under the economic effects of the coronavirus pandemic. It extends the period for investors to funnel profits into the funds after triggering the gains—relief many, including some lawmakers, have requested.

“With all this turmoil that’s going on, it’s delaying investment,” said Reid Thomas, chief revenue officer and managing director of NES Financial, which caters to ...