• Investment deadline extended to March 31, 2021
  • Realized gains from 2020 

The IRS recently issued a notice extending the deadline to invest in a Qualified Opportunity Fund (QOF). Taxpayers who recognized gains between April 1, 2020, and March 31, 2021, now have until March 31, 2021, to invest in a QOF and receive tax-deferring benefits.

The notice extends the previous 180-day investment period for investors ending on December 31, 2020. As such, the floodgates are open for any gain realized between October 4, 2019, and October 2, 2020—all now entitled to the new, single deadline of March 31, 2021. 

It is no coincidence that this new period covers the stock market sell-off that occurred in late February to early March of 2020. Taxpayers with gains fully realized from qualified sales or exchanges in 2020 are encouraged to re-invest their funds in a QOF to defer tax payments on their gains.

DSJCPA is here to help you decide on the best investment strategy for maximum tax benefits. Call us at 516-541-6549 to speak with a tax professional now and visit our website to learn more.


Devin McQuillan
Associate, Creative Solutions

516-541-6549 | Email

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