What are Opportunity Zones Funds?
Created by the Tax Cuts and Jobs Act of 2017, an opportunity zone fund is an investment vehicle created to generate economic development in low-income communities.
Opportunity zones are tax-incentivized census tracts in certain low income communities designated by the state and federal government to encourage long-term investment.
What are the tax benefits?
Invest capital gains in an
opportunity zone fund
within 180 days of the sale,
and defer the tax until
December 31, 2026 or upon
sale of the investment.
When the fund is held for
five years, the tax on original
capital gains is reduced by
10 percent. In year seven, it
is reduced by 15 percent.
If the fund is held for 10 years, capital gains are tax free.
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