If you have triggered a capital gain, or are planning on selling stock or assets that will generate a capital gain, you may want to consider investing within an opportunity zone.
Opportunity Zones can provide a tax incentive by allowing for a temporary, or potentially permanent, deferral of capital gains by taking the gain proceeds and investing within a Qualified Opportunity Fund within 180 days. If you are looking at a longer-term investment, this could be a great option – the greatest benefits are if you hold for at least 10 years and get in the investment still during 2019.
Click here for our previous post, Hidden Benefit within Tax Reform – Opportunity Zones, for additional information.
For more information on Opportunity Zones, contact Julie Helms – Director of Specialty Tax Services or your Lurie trusted advisor.