Investing in Qualified Opportunity Zones Best Sellers Rank : #1
- 5 years ago
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Every once in a while something happens that changes the landscape of investing, like what occurred in December 2017.Qualified Opportunity Zones also known as QOZs or Opportunity Zones are a new investment opportunity which came about through the Tax Cuts and Jobs Act. QOZs are designed to spur private investments in low-income urban and rural communities through private capital gain investment. Investing in QOZs is a way for investors to support impoverished areas as well as take advantage of large tax benefits. To entice investment, the program offers three huge tax benefits to individuals who invest in QOZs.? 1) Investors can defer capital gain taxes owed until December 31st 2026 2) Investors can reduce their capital gain taxes owed on their original sale by up to 15% 3) Investors can avoid capital gain taxes entirely on any appreciation of the QOZ investment itselfQOZs offer investors a way to provide a socio-economic impact to low-income communities. Of the 8,762 areas that were selected for the program, over 71% of the zones were defined as severely distressed. QOZs are an opportunity for investors to help troubled areas while simultaneously investing for a tax advantaged return.
Every once in a while something happens that changes the landscape of investing, like what occurred in December 2017.Qualified Opportunity Zones also known as QOZs or Opportunity Zones are a new investment opportunity which came about through the Tax Cuts and Jobs Act. QOZs are designed to spur private investments in low-income urban and rural communities through private capital gain investment. Investing in QOZs is a way for investors to support impoverished areas as well as take advantage of large tax benefits. To entice investment, the program offers three huge tax benefits to individuals who invest in QOZs.? 1) Investors can defer capital gain taxes owed until December 31st 2026 2) Investors can reduce their capital gain taxes owed on their original sale by up to 15% 3) Investors can avoid capital gain taxes entirely on any appreciation of the QOZ investment itselfQOZs offer investors a way to provide a socio-economic impact to low-income communities. Of the 8,762 areas that were selected for the program, over 71% of the zones were defined as severely distressed. QOZs are an opportunity for investors to help troubled areas while simultaneously investing for a tax advantaged return.