Anyone Planning on Investing in Opportunity Fund Zones

[Kevin Korntved]

Hi BP,

I have heard Amanda Han talk about the Opportunity Funds, but I don't hear of any investors planning on utilizing them.  After looking at the maps on zones that will qualify, I have noticed in Wisconsin that there are a lot of opportunities for development or investment.  Is the timeline of holding the property for 10 years or the zones deterring people from starting discussions?  Does anyone else out there see the benefit in this?  Here are some links that map out the zones and describe the benefit.

Map

https://eig.org/news/opportunity-zones-map-comes-f...

Summary

https://www.accountingtoday.com/opinion/opportunit...

TIA

[Brandon Hall]

@Kevin Korntved it's still new and there is a lot of uncertainty as we await regs on O-zones. That said, many of our clients are hyped about it. The ability to roll only your cap gains into the fund (and receive your basis back) makes these funds extremely appealing for investors. Even more so once you factor in the massive tax breaks you stand to receive. 

Imagine receiving a 15% IRR for 10 years tax-free. That's huge!

Tagging my colleague @Thomas Castelli . He has quickly become our firm's O-zone expert so hoping he can chime in.