A practical U.S. guide to Qualified Opportunity Zone (QOZ) tax benefits and Qualified Opportunity Funds (QOF): capital gains deferral to the 2026 recognition date, the permanent 10-year FMV step-up, the expired 5- and 7-year basis breaks, the 180-day window, the 90% asset test, substantial improvement, risks, and Forms 8949, 8996, and 8997.
A practical CPA-level guide to oil and gas drilling tax deductions for high-income US investors. Covers the 100% current expensing election for intangible drilling costs (IDC) versus 60-month amortization, depreciation of tangible drilling equipment, cost versus percentage depletion, working interest versus royalty interest, the passive activity loss exception under Section 469(c)(3), AMT interaction, and why the investment risk outweighs the tax break.
A Qualified Opportunity Fund (QOF) lets you defer tax on reinvested capital gains and, after a 10-year hold, exclude the fund's own appreciation from tax. This educational guide covers the 180-day rule, qualifying assets, real estate vs business deals, liquidity risk, and how QOFs compare to a 1031 exchange.