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Updated over 5 years ago,

User Stats

99
Posts
103
Votes
Andrew Gingerich
  • Rental Property Investor
  • Wenatchee, WA
103
Votes |
99
Posts

Did you recently buy in an Opportunity Zone?

Andrew Gingerich
  • Rental Property Investor
  • Wenatchee, WA
Posted

I'm closing on a new deal in an Oppurtunity Zone, as designated by the tax reform bill passed in late 2017. Are there BP folks that buy in these areas? Do you need to setup a fund before closing to take advantage of the 10 year tax basis change or capital gain exemptions? Would love a bit of free info here before calling a tax law attorney.

Thanks!

Andrew

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