NAR Letter Treasury and IRS Letter Regarding QOF Working Capital Coronavirus Relief Request

On March 17, NAR, its affiliates, the CCIM Institute and the Institute for Real Estate Management, sent a letter to Department of the Treasury, Assistant Secretary Kautter and Internal Revenue Service, Chief Counsel Desmond. The letter urges the Treasury Department and the Internal Revenue Service to include deadline relief for the working capital safe harbor for Qualified Opportunity Funds with any forthcoming package of taxpayer relief measures.