Opportunity Zones as an Investment Option

Have you heard about Opportunity Zones? Opportunity Zones were created by the Tax Cuts and Jobs Act and are an economic development tool designed to spur development and job creation in certain communities. Opportunity Zones provide investors with a different tax tool than a 1031 tax deferred exchange, but can provide tax benefits if investments meet certain conditions.  You can learn more about the basics of Opportunity Zones here: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

 

You can find Opportunity Zone resources including a map of all designated Opportunity Zones here: https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx

 

 

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