First post here! I have a question regarding investing in a QOZ. The capital gain I am planning to defer was from a personal account where I sold equities. Can the QOZ investment be made by subscription agreement using an LLC owned by my wife and I or does the investment have to be made by me as an individual instead of an entity in order to defer capital gains taxes? TIA

@Ross Wlodawsky

You need to subscribe in your personal name. As a practical matter, the deferral is recorded using code z to remove the realized gain from the tax return of the person/entity making the OZ investment. Since the LLC does not have any capital gain to defer, you wouldn't be able to record a gain deferral and the investment would not qualify for OZ benefits.

Thanks @Scott McIntosh ! Makes sense.