There`s a lot of talk about Opportunity Zones. Can anyone invest in them?
Investing in an opportunity zone is not for everyone, but for the right investor, it could be a once-in-a-lifetime tax break.
Opportunity zones are designated as economically distressed areas by each state and certified by the US Department of the Treasury.
...moreAs a result of recent tax reform,
opportunity zones have emerged as a way for distressed neighborhoods to
attract needed real estate development and for investors in these
projects to receive favorable tax treatment. Such investments could
allow you to defer capital gains taxes until 2026, reduce the amount of
taxes you owe by up to 15% and pay no taxes on the fund`s gains if you
hold it for ten years....
RSK: Heed the line that says "Just because you could get a significant tax break from an opportunity zone fund does not mean that it is a good investment."
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- - Volume: 6 - WEEK: 50 Date: 12/11/2018 9:27:03 AM -