The primary benefit of investing in these communities under a qualified opportunity zone program is the deferral of capital gains tax liability, as well as the possibility of a 100% tax-free gain on the investment if held to the required term. This article will show you how to invest in a qualified opportunity zone and will provide you with a step-by-step guide and other important information you need to know.
To boost economic growth in communities across the country, the Tax Cuts and Jobs Act of 2017 introduced numerous tax incentives that grant significant tax benefits to taxpayers who invest in these designated areas. These incentives include:
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