Reply To: Qualified Opportunity Funds

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Kaye, your slant on this—i.e. focus on checking out the people—is exactly what I needed. This is the first time I have ventured outside of the world of mutual funds. I wonder if the Opportunity Zone tax deferral benefit could in time become available via a mutual fund.

With regard to the TPP Fund, a limited partnership, what got me worried is that even though the very beginning of the Private Placement Memorandum (PPM) says one goal is to provide a vehicle to obtain the Opportunity Zone tax benefits, nothing about that is mentioned elsewhere, including the PPM’s 14-page section “Certain Income Tax Considerations”, the Limited Partnership Agreement, and the Subscription Agreement. And the PPM’s Income Tax section DOES say “the Partnership will not be operated for the purpose of generating tax deductions, losses, credits or other benefits.”