Qualifying For Opportunities in Opportunity Zones

Western Real Estate Business (April 2019) By Matthew J. Ertman and Michael C. Pruter: The Tax Cuts and Jobs Act, signed into law in December 2017, offers a new opportunity for investors by creating what are known as Opportunity Zones in low-income areas. This tax incentive program was created in an attempt to bring new economic opportunities to areas with poverty rates of at least 20 percent or median family incomes of no more than 80 percent of statewide or metropolitan-area family income. The program encourages investors to make long-term financial investments in Qualified Opportunity Zones (QOZs). In exchange, the investor receives a number of benefits related to the deferral or elimination of capital gains taxes. Read more...