IRS Issues PLR Granting Partnership Extension to Self-Certify as Qualified Opportunity Fund

The IRS has issued a private letter ruling on I.R.C. §1400Z-2 and Treas. Regs. §§301.9100-1 and 301.9100-3 granting a partnership an extension of time to file Form 8996 to self-certify as a qualified opportunity fund (QOF) effective from the entity’s formation date. [PLR 202614022]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.