The IRS and the Treasury Dept. have issued proposed guidance for the new Opportunity Zone tax incentive. This incentive was passed as part of the 2017 Tax Cuts and Jobs Act, and designates as Opportunity Zones, 8,761 communities in all 50 states, the District of Columbia and five U.S. territories. Investors that make appropriate investments in the zones can defer tax on almost any capital gain achieved, through 12/31/26. To qualify, an investor must have made an election after 12/31/17, and meet certain other requirements. To learn details: https://bit.ly/2ys9g87 

---

Posts You Might Also Like: