Guides
The Opportunity Zone reference library
Plain-language guides to every part of the program, each one sourced to the statute, regulations and IRS guidance, reviewed by a named expert and dated.
Start here
- ExplainerOZ 2.0: what changedKey dates, OZ 1.0 vs 2.0 side by side, reporting and what is still pending.
- ReferenceOpportunity Zone glossarySourced definitions of QOF, QOZB, the 90% and 70% tests and OZ 2.0 terms.
- ChecklistThe OZ Compliance ChecklistWhat every OZ project has to get right, from formation to exit.
- ToolTract lookupCheck any address against the original zones and OZ 2.0 eligibility.
Our standard
- Answer first. Every guide opens with the short answer.
- Primary sources. Statute, regulations and IRS guidance, cited.
- Named review. Every guide shows who wrote it and who reviewed it.
- Dated. Last-reviewed dates, and OZ 1.0 vs 2.0 status on every rule.
- Chapter 1
Foundations
What Opportunity Zones are, where the program came from and how it works end to end.
Forthcoming
- Chapter 2
OZ 2.0
What the 2025 legislation changed, when it takes effect and how the transition works.
Forthcoming
- Chapter 3
Tax benefits
Deferral, basis adjustments and the long-term exclusion, under the original and new rules.
Forthcoming
- Chapter 4
Investors
Eligible gains, investment timing, pass-through gains and investor reporting.
Forthcoming
- Chapter 5
Qualified Opportunity Funds
Formation, self-certification, the fund asset test, penalties and cures.
Forthcoming
- Chapter 6
Qualified Opportunity Zone Businesses
The business-level tests, safe harbors and how operating entities stay qualified.
- Chapter 7
Real estate projects
Substantial improvement, original use, land, vacant property and leased property.
Forthcoming
- Chapter 8
Operating businesses
How operating companies fit the QOZB tests as they grow and change.
Forthcoming
- Chapter 9
Compliance and reporting
Testing dates, recordkeeping, the annual calendar and what reviewers look for.
Forthcoming
- Chapter 10
Exits and lifecycle
Inclusion events, the long-term hold, refinancing, distributions and wind-down.
Forthcoming
- Chapter 11
Designations and tracts
How zones are designated, the OZ 2.0 nomination process and finding an eligible tract.
Forthcoming
- Chapter 12
State conformity
Whether and how each state follows the federal Opportunity Zone rules.
Forthcoming
QOZB Management works alongside your legal, tax and financial advisors. Nothing on this website is legal, tax or investment advice, and no outcome is guaranteed. Consult qualified counsel about your specific situation.
Talk to us before the structure is set.
Whether you’re forming a new fund or bringing an existing project into compliance, we’ll tell you plainly where you stand.