Find a Qualified Opportunity Fund and take advantage of the new Opportunity Zone tax benefits.
The Tax Cuts and Jobs Act of 2017 introduced massive tax benefits to incentivize investments in designated Opportunity Zones (designated U.S. census tracts with high poverty that may benefit from private investment). To qualify for the tax benefit, investors can re-invest their capital gains into a Qualified Opportunity Fund.
When you invest in a Qualified Opportunity Fund, you can defer capital gains until December 31, 2026 (or until you sell your investment, if earlier).
Reinvest capital gains into Qualified Opportunity Funds before the end of 2019 and hold for a minimum of seven years to reduce your tax liability by up to 15%.
Hold your investment for at least 10 years in a Qualified Opportunity Fund and pay no tax on new capital gains generated from the investment.
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