Tell me about Opportunity zone funds

[Lauren B.]

I believe I’m investing in an opportunity zone and I’d like to make the best of it.

Questions;

1) What are the specific benefits of investing in opportunity zones? I understand that relates to capital gains tax and the discount is based on how long you hold the property?

2) How can I look up an address to determine if I am buying in an opportunity zone? All I can find are census tract numbers.

3). How do I make my current properties qualify for the benefits of an opportunity zone, Or do I need to do something ahead of buying a property?

I’m investing in Rutherford county N.C.