Release number 202433006 of 2024-08-16

• Date: 16 August 2024
• Year: 2024
• Record Number: 202433006
• UILC Number: 1400Z.01-00,1400Z.02-00,9100.00-00

Internal Revenue Service

Department of the Treasury

Washington, DC 20224

Number: 202433006

Release Date: 8/16/2024

Index Number: 9100.00-00, 1400Z.01-00,

1400Z.02-00

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Third Party Communication: None

Date of Communication: Not Applicable

Person To Contact:

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Telephone Number:

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Refer Reply To:

CC:ITA:B04

PLR-122956-23

Date:

May 20, 2024

LEGEND

Taxpayer

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State Z

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Tax Year

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Individual 1

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Individual 2

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Year 1

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Year 2

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Date 1

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Date 2

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Dear --------------------:

This letter responds to Taxpayer’s request, dated Date 2. Specifically, Taxpayer

requests an extension of time, under §§ 301.9100-1 and 301.9100-3 of the Procedure

and Administration Regulations, to file Taxpayer’s Form 8996, Qualified Opportunity

Fund, for purposes of making the election for Year 1 and Year 2, under § 1.1400Z2(d)-

1(a)(2)(i) of the Income Tax Regulations, to: (1) self-certify Taxpayer as a qualified

opportunity fund (“QOF”), as defined in § 1400Z-2(d) of the Internal Revenue Code; and

(2) be treated as a QOF, effective as of the month Taxpayer was formed, as provided

under § 1400Z-2(d) and § 1.1400Z(d)-1(a).

1

This letter ruling is being issued electronically in accordance with Rev. Proc. 2023-1,

2023-1 I.R.B. 1. A paper copy will not be mailed to Taxpayer.

1

Unless otherwise specified, all “section” or “§” references are to sections of the Internal Revenue Code

or the Treasury Regulations (26 CFR Part 1) or (26 CFR Part 301) as applicable.