Opportunity Zones, enacted by Congress in 2017, were created to encourage investment in distressed areas of the United States. Investing in Opportunity Zones provides tax benefits for investors while incentivizing job creation and economic growth.
When you invest in a Qualified Opportunity Fund, you support economic development and temporarily defer taxes on eligible gains.
Qualified Opportunity Zones
All 50 US states, Washington DC, and all five US territories have low-income communities designated as opportunity zones. Each state nominates communities for the Opportunity Zone designation.
Contact us today to talk with a federally licensed tax specialist to learn more about Opportunity Zones and how you may be able to defer eligible gains or reduce your basis.
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