ReinvestYourCapitalGainsToAvoidTaxWith TheOpportunityZoneProgram
Areyouinterestedinlong-termalternativeinvestmentopportunitiesthatoffercapitalgainstaxbenefits?
HaveyouheardoftheOpportunityZoneprogram?Doyouwanttoknowhowyoucanprivatelyinvestin propertyandreceivetaxbenefits?Ifyouhaveanswered'yes,'youneedtoreadthisreport!
Anewreporthasbeenlaunchedtoexplaintheprocessof investingintheOpportunityZoneprogramandhighlight thegainstaxbenefitstoyouandothersavvyinvestors.
TheteamattheWealthBuildingWayplatformexplainyoumay beunawareofthetaxreductionbenefitsassociatedwith OpportunityZoneprojectsasanalternativerealestate investmentforyourportfolio.
Thenewlylaunchedreportexplainsthegoalofthe OpportunityZoneprogram,whichasyoumaybe awarewascreatedaspartofthe2017TaxCutsand JobsAct,wastoattractyouandotherprivate investorsandcapitalforlong-terminvestmentsin low-incomecommunities. Inreturn,youcanexpectmeaningful capitalgainstaxbenefitsintheform oftaxdeferral,reduction,and elimination.
TheteamattheWealthBuildingWayexplaintheprocessissimple,youinvest yourqualifyingcapitalgainsearnedbysellingstocks,abusiness,orreal estateinaQualifiedOpportunityFund.
WealthBuildingWayexplainsthatwhile almostanyassetcouldbedesignateda QualifiedOpportunityZoneBusiness Property,multifamilypropertiesare expectedtobekeyassetsinQOFterms.
Theteamsaythisislikelyduetothefact lower-incomeresidentsineconomically underservedcommunitiestendtoliveinthese smalltomedium-sizedproperties.
Potentialbenefitsavailabletoyourangefromtaxdeferralofyourreinvestedcapitalgains, ataxreductionprogram,ortheeliminationofcapitalgainstaxresultingfromthesaleofa QOFinvestmentifyouhaveheldinvestmentforaminimumoftenyears.
Aspokespersonsaid:"Themostrecentround ofproposedregulationscontainsaprovision thatmakesiteasierforQOFstoinvestin multipleproperties,allowingforamore diversifiedQOFportfoliowithasingle investment."
"However,itisimportanttonotethis provisionhasnotbeenfinalized, whichisanelementofriskthatyou shouldconsider,"theyadded.
