This course will be an overview of: Legislative history and framework of Opportunity Zones under TCJA and OBBBA Opportunity zone designation process, eligibility standards, and decennial redesignation Three-tier investor tax benefits: gain deferral, basis step-ups, and appreciation exclusion Eligible gains, the 180-day investment window, and inclusion events Qualified Opportunity Fund structure, self-certification, and the 90% asset test Qualified Opportunity Zone Business Property qualification, including original use and substantial improvement The four-part QOZB testing framework and compliance safe harbors Enhanced reporting under IRC Sec. 6039K and annual filing requirements Standard versus rural Opportunity Zone benefits and enhanced incentives