Opportunity Funds and Zones. What are they?
In Benton County, Iowa, the city of Vinton and surrounding areas to the west and to the east are designated Opportunity Zones! If you’re looking for capital gain tax relief on the recent sale of stocks or real estate, this might be worth a look!
You’ll certainly want to talk with your tax consultant before moving forward.
The three advantages of rolling capital gain into a opportunity fund are as follows:
- It’s possible to defer capital gains until 12/31/2026.
- You can reduce the tax you owe by to to 15% after 7 years, and pay as little as 0 tax on profits if held for 10 years!
- You pay 0 tax on gains earned from the opportunity fund!