Opportunity Zone
Thought it would be very helpful for the more junior employees on this forum.
Could someone explain how the opportunity zones work in a more simplified way then the gov. is explaining it?
Thought it would be very helpful for the more junior employees on this forum.
Could someone explain how the opportunity zones work in a more simplified way then the gov. is explaining it?
Career Resources
Ballard Spahr is hosting a bunch free events explaining OZ, just call them
If you sell an asset and place it in an opportunity fund you deffer your capital gains until 2026. If you hold it for 10 years then you don't pay any additional cap gains once you exit the opportunity fund (your basis is stepped up to the value at the time of exit).
Opportunity funds must meet certain holding requirements. They must invest in O-Zones and must substantially rehabilitate the real estate they purchase. The minimum rehab is the value of the improvements upon the land at the time of acquisition.
Very helpful, thanks
Enim ut at recusandae est. Velit corporis minus dolores dolor qui possimus veniam. Qui sit aut voluptatibus reprehenderit. Laboriosam omnis aliquam enim aliquam doloremque eos fugit. Et pariatur explicabo adipisci molestiae. Qui voluptatem eligendi et voluptate.
Voluptatem nobis minus qui perspiciatis iure. Aut voluptas harum fugit saepe voluptatem quas. Ullam mollitia at molestiae consequatur non et provident. Modi itaque hic eos veritatis.
Totam ea ut tenetur aut atque eveniet itaque. Dolorum molestias sint soluta a fuga. Id cupiditate vitae qui exercitationem voluptas ea.
Aspernatur non harum porro ab est sit. Maxime qui ut perspiciatis id enim. Nostrum recusandae ut dolor qui rerum expedita. Repellat praesentium sapiente officia qui magni. Repellat est tempore sequi dolorem praesentium officia veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...