Qualified Opportunity Zones: Saving Taxes and Making Profit (Retired)

The tax bill of 2017 added a little know provision which allows an investor to avoid capital gains on profits that are reinvested in real property or certain other investments in a qualified opportunity zone. The zones have been established by Congress using the 2010 census.

If one keeps the funds invested for 7 years, the investor will pay tax on only 85% of the deferred gains. Furthermore, if the funds are properly invested and the investment is then sold, there will be no tax at all on the sale.

This program will provide an overview of the statute and regulations regarding Qualified Opportunity Zones.