Don't pay Capital Gains to the IRS, invest it instead, LEGALLY!!!

[Steve S.]

No one and I mean no one should ever pay capital gains to the IRS ever again. Why, Opportunity Zone Funds. There is no reason why anyone, especially someone on Bigger Pockets, should ever pay capital gains on stocks, business profits, 1031 exchanges, real estate or anything at all. You can defer your capital gains tax and have it reduced by 10% - 15% while keeping all the profits from the investments that you make in the Opportunity Zone Fund.

This means if you owe $100,000 in capital gains and you make 10% a year off that $100,000 over the next years you can keep that entire $100,000 in profit without paying any capital gains tax on it. 

ALSO... the IRS just passed that if you have capital gains you need to spend in 2020 then you can apply it to an OZF right now before 3-31-2021 and have it deferred for you. THIS IS HUGE!!!! and... LEGAL!!!

read more about it here: https://www.jdsupra.com/legaln...

And read more about it on an earlier post of mine: https://www.biggerpockets.com/...

[Basit Siddiqi]

There is no more 15% reduction...
Stop giving people false information.

If you are selling the QOZ as much as you are, you should also disclose the cons of this strategy.

This is a very illiquid asset.
There are also many rules to follow if they decide to do it themselves.

But why disclose the cons if you are selling it right?