IRS Offers Reassurance for Early Opportunity Zone Investors

Investors with tax code Section 1231 gains—which stem from sales of real estate and other property—have 180 days to plug the money into an opportunity zone investment to qualify for the associated tax perks. link:

Source: Bloomberg

Restrictions will chase money out of California

Gov. Gavin Newsom, wants California to conform narrowly to the Opportunity Zone program… only incentivizing affordable housing and green energy projects. Link:

Source: The Sacramento Bee

The ‘Three Waves’ Of Opportunity Zones Deadline near to Defer Capital Gains

What about taxpayers that already filed their 2018 income tax returns? Not to worry, such taxpayers can still achieve deferral of 2018 capital gains taxation.

Source: Kitces