Updated over 1 year ago on .
Most recent reply
presented by
Qualified Opportunity Zone Fund
Looking for some information on Qualified Opportunity Zone Funds. Has anyone used one to "store" some excess capital gains to defer Taxes? Some background I am retired and sold down some of my highly appreciated rental business assets in early 2024 and I will have around 1/2 Mill Capital gains for 2024 taxes. I am NOT interested in owning any more real estate (retired here man) so I had planned on just paying my 15% long term Capital Gains tax rate and moving on to my "safe money" retirement program of MYGA's / CD's and High yield Savings account / Bonds / some Stocks. However there is this really REALLY Nasty IRS Rule called AMT that has me looking for a way to spread this gain over a few years. Is a Qualified Opportunity Zone Fund just an investment fund like buying mutual funds etc? If so maybe I can buy into it and pull the money out annually to stretch the capital gains over a few years? If anyone has done this successfully please let me know. Not a lot of info on the internet about these that I can find at this time... Tks D