Tax benefits of investing in qualified opportunity zones
RECORDED WEBCAST |
The Tax Cuts and Jobs Act of 2017 established so-called opportunity zones to jump-start economic growth in low-income areas. By investing in qualified opportunity zones (QOZs), investors can defer and reduce taxes on current capital gains, as well as potentially eliminate taxes on future gains on investments in these areas.
To receive the maximum tax benefit from investment in QOZs, however, an investor must understand the options. From a pooled fund containing several properties to stocks or partnership interests, to a single fund containing one asset, evaluating the investment options is critical.
In addition, to receive the maximum tax benefit from QOZs, one must carefully evaluate the qualified opportunity funds prior to investment. Many tax questions come into play as companies and individuals evaluate investment in opportunity zones and the additional benefits that could be derived with proper planning.
On this 60-minute webcast, we discuss:
- Tax benefits of QOZ investment including potential risks
- Key steps to take in order to derive maximum benefit
- Effects of QOZs on personal investment portfolios
- Opportunities for additional state and local tax incentives or funding