Opportunity Zones, created by The Tax Cuts and Jobs Act of 2017, were designed to encourage investment in distressed communities. Treasury Secretary Steven Mnuchin estimates that these tax benefits can generate up to $100 billion of invested capital. While the proposed regulations pertaining to Opportunity Zones have yet to be finalized, there is enough guidance for a strong preliminary understanding of how these tax incentives will work. Structured as Qualified Opportunity Funds (QOF), these investments have two distinct capital gains…