A corporate client recently purchased a commercial property. Shortly after the purchase, they were acknowledged that the property sits in the Opportunity Zone area, now the client wants to know how this investment will benefit them from tax perspectives.
With my limited understanding of the OZ investment, I do not see any tax benefit as the business does not have any realized capital gains. The investing entity existed for three years with one real property investment that will not be realized in near future. I am running thru a bunch of OZ investment guides and materials, and I was wondering if anyone can give me some inputs. Thank you for your help.