New Tax Law "Opportunity Zones" vs 1031 Exchange

[Paige Kelsey]

Hi Everyone,

I see that there are Opportunity Zones and tax incentives for investors as part of the Tax Law that was passed in December. Basically each state had to designate 25% as an opportunity zone in a state to attract new money into areas. However, some of the areas that states have designated are areas like Vancouver WA. According to what I think this is saying I believe it is pretty much like a 1031 exchange. I would love to hear your thoughts on this new tax law and the implications for investors.

All the best!

Paige 

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