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Updated about 19 hours ago on . Most recent reply

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19
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6
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Darla Holtzclaw
  • New Jersey
6
Votes |
19
Posts

Opportunity Zone - Seller

Darla Holtzclaw
  • New Jersey
Posted

Hello,   I was wondering if anyone "accidentally" owned a rental property in an opportunity zone and was able to use the opportunity zone rules to your benefit.    We have a house in an opportunity zone in Texas that we bought in 2015, lived in for 3 years, and then made a rental in 2018.   I see about the opportunity zone funds, but it is for accredited investors that need to put gains into something to defer.   I am very interested in avoiding cap gains and recapture.  I am aware of 1031 but wondered if I can just cash out without purchasing new property.  

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