So you made a bunch of money trading IPOs…
Looking for a way to defer, or even eliminate those hefty capital gains taxes?
Invest in “Opportunity Zones” to Defer or Eliminate Capital Gains Taxes!
NOT Limited to Gains in the Stock Market
Defer & Prevent Capital Gains Tax with Qualified Opportunity Zone Investing
The Qualified Opportunity Zone program was established through the Tax Cuts and Jobs Act of 2017. It provides tax advantages to taxpayers who opt to invest in one or more economically distressed and underserved communities that the IRS and the U.S. Treasury have designated. There are currently certified zones in all 50 states, Washington D.C., and U.S. territories. Investors can enjoy tax advantages of the program in two distinct ways: Tax Deferral and Tax Elimination.
Before the establishment of the QOZ program, the opportunity to defer capital gains taxes was primarily relegated to investment property owners engaging in a 1031 exchange. However, one of the things that sets the QOZ program apart from other tax deferral opportunities is it can be used to defer capital gains taxes on the sale of any property type. This includes stocks, bonds, mutual funds, jewelry, art, business interests, and cryptocurrency.