Opportunity Zone Investments
Defined under the 2017 Tax Cuts and Jobs Act, Opportunity Zones are census tracts composed of economically disadvantaged communities. With more than 8,700 Opportunity Zones, this source of untapped capital can revitalize underserved communities while also offering incentives for investors.
When a person reinvests a capital gain into a qualified opportunity fund (QOF), they receive two tax benefits.
- Deferral of the recognition of the original gain until 2026.
- Tax-free appreciation on their investment in the QOF if the investment is held for 10 years.
Qualified Opportunity Fund
- Eligible Assets include any investment including stocks, bonds, real estate, collectables, partnership interests, etc.
- Rollover capital gains only (principal not required).
- Eligible investments includes commercial real estate, housing, infrastructure, and businesses wthin an OZ.
- The gain must be investing in a QOF within 180 days.
- The original gain may be deferred, but must be included in income on December 31, 2026.
- Maximize after-tax return through income and appreciation.
Frequently Asked Questions
Questions About QOZ Funds?
Please use the contact form or call us at 216 226-4560 to discuss your Opportunity Zone Fund questions and specific investment situation.