§1400Z–2. Special rules for capital gains invested in opportunity zones — Inbound Citations

(e) Every qualified rural opportunity fund (as defined in section 1400Z–2(b)(2)(C)) shall file the annual return required under subsection (a), and the statements required under subsection (c), applied—

(1) by substituting “qualified rural opportunity” for “qualified opportunity” each place it appears,

(2) by substituting “section 1400Z–2(b)(2)(C)” for “section 1400Z–2(d)(1)” each place it appears, and

(3) by treating any reference (after the application of paragraph (1)) to qualified rural opportunity zone stock, a qualified rural opportunity zone partnership interest, a qualified rural opportunity zone business, or qualified opportunity zone business property as stock, an interest, a business, or property, respectively, described in subclause (I) or (II), as the case may be, of section 1400Z–2(b)(2)(C)(i).

(2) by substituting “section 1400Z–2(b)(2)(C)” for “section 1400Z–2(d)(1)” each place it appears, and

(3) by treating any reference (after the application of paragraph (1)) to qualified rural opportunity zone stock, a qualified rural opportunity zone partnership interest, a qualified rural opportunity zone business, or qualified opportunity zone business property as stock, an interest, a business, or property, respectively, described in subclause (I) or (II), as the case may be, of section 1400Z–2(b)(2)(C)(i).

(2) by treating any reference (after the application of paragraph (1)) to qualified rural opportunity zone stock, a qualified rural opportunity zone partnership interest, or a qualified rural opportunity zone business as stock, an interest, or a business, respectively, described in subclause (I) or (II), as the case may be, of section 1400Z–2(b)(2)(C)(i).

(3) the value of the total assets held by the qualified opportunity fund as of each date described in section 1400Z–2(d)(1),

(D) the amount of the investment in such stock or partnership interest as of each date described in section 1400Z–2(d)(1),

(D) the aggregate value of the items of qualified opportunity zone property held by the qualified opportunity fund as of each date described in section 1400Z–2(d)(1), and

(2) by substituting “section 1400Z–2(b)(2)(C)” for “section 1400Z–2(d)(1)” each place it appears, and