The Tax Cuts and Jobs Act of 2017 (TCJA) includes a new tax incentive designed to steer long-term capital investments into economically distressed communities. Investments in these areas, called Opportunity Zones, are eligible for the temporary deferral and potential exclusion of capital gains.
Tax benefits of investing in an Opportunity Zone
The TCJA authorizes each state to nominate up to 25 percent of its low-income communities as qualified Opportunity Zones. The final list of designated census tracts was released by the U.S. Department of Treasury on June 14, 2018.
Temporary deferral of gain...
Permanent exclusion of gain...
...moreRSK: Thanks to my partner Jim Anderson for the heads up on this none. Many of you have asked about OPZ`s and this is a great outline for it and how it works tax wise.
Share this article on you social outlets
Our Sponsors
- - Volume: 6 - WEEK: 42 Date: 10/16/2018 8:30:11 AM -