Investment Advice You Can Build On
QUALIFIED OPPORTUNITY ZONES
Providing significant tax benefits to investors while creating positive impact in local communities
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OZs connect private capital with economic growth
Opportunity zones were created as part of the Tax Cuts and Job Acts of 2017 to stimulate long-term private investments in low-income urban and rural communities nationwide.
By providing tax benefits to investors, opportunity zone fund investments promote economic growth in distressed areas. Investors benefit from tax-deferral and exclusion.
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How are opportunity zones determined?
The governor of each state and five U.S. territories designated up to 25% of eligible census tracts as opportunity zones, resulting in nearly 9,000 active opportunity zones across the country.
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Reinvesting capital gains for partial or complete elimination of tax
Capital gains from the sale of any asset can be reinvested in a qualified opportunity zone fund to achieve tax deferral and exclusion. Capital gains may have resulted from the sale of stocks, bonds, mutual funds, real estate, a business, art, cryptocurrency or other assets
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How to invest in opportunity zones
- Invest capital gains from the sale of any asset into a qualified opportunity zone fund within 180 days.
- On your tax return, indicate that capital gains from your sale were reinvested in a qualified opportunity zone fund.
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