Are you aware of the three potential tax benefits that are available?
Opportunity zones were established under the Tax Cuts and Jobs Act of 2017 (the “Act”) IRC Section 1400Z-1 and 1400Z-2. They encouraged private investment in distressed communities throughout the United States and allow taxpayers to defer capital gains incurred from a sale or exchange of an asset to an unrelated third party by investing the gains in a Qualified Opportunity Fund (“QOF”). This video provides a preliminary examination of opportunity zones, discusses tax benefits from investing in opportunity zones, and reviews what a qualified opportunity fund entails.
Runtime: 47 minutes
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