Opportunity Zones
5 Steps to Invest in an Opportunity Zone
In order to avoid paying Uncle Sam on the profit you made on that stock portfolio, property, or other investment that would have usually triggered the capital gains tax (currently up to 20%), you can re-invest that money into an investment property in a designated Opportunity Zone in order to defer, decrease, or even eliminate it (depending on how long you hold the property). Created by the Tax Cuts and Jobs Act in 2017 and officially designated in 2018, Opportunity Zones are areas that have been identified as “economically distressed” and in need fresh investment money in order to breathe new life into the community. They are designed to spur economic development by providing tax benefi...
