On July 23, 2019, Walter Calvert was quoted in Connect CRE regarding Qualified Opportunity Fund (QOF) investments. According to the article, the ability to defer taxes on capital gain depends a great deal on deadline adherence. The first such deadline took place in late June 2019.
On that date, investors with capital gains realized by December 31, 2018 had to invest those gains into QOFs to take advantage of deferring taxes on those gains. However, plenty of opportunities still exist for QOF investment and tax deferrals.
"June 2019 arose as a deadline only with respect to the 180-day rollover time limit," said Calvert. He added that the deadline also applied to investors in partnerships and other certain pass-through entities with capital gain recognition at the end of 2018. "If the partnership itself hadn't rolled over the gain, the investor or partner could have rolled over its share of the partnership's gain, within that 180-day period," he said.