Comment from PwC LLP
PwC LLPSupportBusiness
Summary: PricewaterhouseCoopers LLP (PwC) argues that the current "presumed gain inclusion" regulation for Opportunity Zone investors lacks statutory authority and creates unnecessary tax exposure and administrative burdens. They recommend revoking this specific provision and instead providing clear guidance or self-help procedures for investors to demonstrate compliance.
PwC respectfully has provided the attached comments and recommendations regarding the Opportunity Zone tax incentive. Please do not hesitate to contact us at any time to discuss any questions or request any additional information. Thank you.