capital gains and opportunity zone investments

[Scot Leavitt]

I am in the process of selling my C corporation. As it stands I would be tax at the corporate level 21% then the proceeds will flow to me as capital gains. I would then be taxed another 20% totaling 40%. Is it possible to directly invest the proceeds into an opportunity zone before paying corporate tax? if so and I hold the investment for ten years I get the 15% tax benefit on the original investment and don't pay any tax on the gains above the original investment amount? This would effectively be 25% tax on the gain not a 40%.

My intent is to buy real estate such as multifamily home in an OZ. After making the necessary improvements to meet the OZ requirements I intend to earn income on the investment. I aloud to use that income personally, if I report it to the IRS and pay the going tax bracket rate on the rent income?