By Quinn Gormley and Todd Fentress

A new Opportunity Zone program to encourage investment in low-income community business was included in the 2017 Tax Cuts and Jobs Act. New rules in the code allows taxpayers to defer capital gains on the sale of stock, business assets, or any property (whether or not the asset sold was located or related to a low-income community). These gains, for purposes of this article, are referred to as “rollover gains.”