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Legal Update

Just Released: IRS Qualified Opportunity Fund Guidance

23 October 2018
Mayer Brown Legal Update
On October 19, 2018, the US Internal Revenue Service released initial guidance on the Qualified Opportunity Fund (QOF) rules. The QOF rules allow US taxpayers to defer capital gain taxation by investing an amount equal to the gain in a QOF within 180 days of the gain recognition event. While not answering every question, the initial set of rules provides a working roadmap for implementing QOF transactions. Mark Leeds, David Burton, Zal Kumar and Maria Carolina Grecco, all tax practitioners in the New York office of Mayer Brown, provide an overview of the new rules in the attached Legal Update.


  • Mark H. Leeds
    T +1 212 506 2499
  • David K. Burton
    T +1 212 506 2525
  • Zal Kumar
    T +1 212 506 2325
  • Maria Carolina Grecco Bazzanelli
    T +55 11 2504 4636

Related People

  • Jeffrey G. Davis
    T +1 202 263 3390
  • Matthew A. McDonald
    T +1 312 701 8321
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