Tax Planning Opportunities Under an Expanded Section 1202 and Opportunity Zones (EXOZ)

One important change in the One Big Beautiful Bill Act (OBBBA) is the modernization of Section 1202, which governs the Qualified Small Business Stock (QSBS) gain exclusion. OBBBA also created a new round of Qualified Opportunity Zones (QOZ) that will take effect in 2027. This course will provide tax practitioners with information to advise their business-owner clients on these changes.

• Section 1202
  • OBBBA’s tiered gain exclusion structure (three-, four- and five-year exclusion periods)
  • The $75 million gross asset threshold
  • The higher $15 million exclusion cap
  • What is QSBS?
  • Tax treatment of old QSBS
  • Section 1045 rollovers
• Opportunity Zones
  • What is an Opportunity Zone?
  • Tax incentives to invest in an Opportunity Zone under the new OBBBA rules
  • Tax changes in the OBBBA rules that expand the benefit of a QOZ to rural areas
  • The 10-year rule
  • Who stands to benefit from investing in a QOZ under the new OBBBA rules

• Be well informed about individual and business tax changes resulting from OBBBA