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Updated about 5 years ago,
Qualified Opportunity Zones
Has anyone taken advantage of a Qualified Opportunity Zone investment?
See link for more info - https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions#designated
The essence is that you can invest capital gains into a qualifying fund and defer capital gains, even completely diminishing the taxes if you leave the funds invested for a specified period.
If anyone has taken advantage of this, how did you go about it? Also how has it turned out so far? Any advice you would give to someone looking to go this route?
Thanks.
Adam