What is an Opportunity Zone and a Qualified Opportunity Fund?
An Opportunity Zone is an identified economically distressed community where under certain conditions new investments may be eligible for favored tax treatment. These designated zones are located throughout all 50 states, the District of Columbia, and five U.S. territories.
A Qualified Opportunity Fund is the investment vehicle established for investing in property located within an Opportunity Zone. To become a Qualified Opportunity Fund an eligible corporation or partnership self-certifies by filing Form 8996 with its federal income tax return.
Why invest in an Opportunity Zone?
The Opportunity Zone program affords three tax incentives when capital gains are invested in designated areas through a qualified Opportunity Fund... but what are those three incentives? Watch OZ Expert Coni Rathbone of Dunn Carney below to find out, or head online to 1031exchange.com today for more information!
