IRC 280B, Substantial Improvement, & Original Use

In this Masterclass, Jonathan McGuire, CPA breaks down the critical tax rules governing Qualified Opportunity Zone Business Property — including the IRC 280B anti-churning rules, the substantial improvement requirement, and the original use standard — equipping investors and advisors with the knowledge to structure compliant, high-performing OZ investments.

What’s covered:

• Overview of IRC 280B and its impact on OZ deals
• Meeting the substantial improvement 100% basis doubling test
• Establishing original use as an alternative qualification path
• How demolition costs affect the substantial improvement calculation
• Structuring considerations and real-world deal examples