1 Way to Completely Offset Taxes on Millions in Capital Gains

Opportunity Zones are among the latest tools in alternative investments, but what are the more practical applications of utilizing an Opportunity Zone fund? Two such applications include one for those who are considering selling their business, as well as investors who hold concentrated and highly appreciated stock positions.

Who Can Invest in an OZ and What Are the Tax Benefits?

You might have heard about Opportunity Zone investing, but for the uninitiated here is a quick summary: An Opportunity Zone is an economically distressed community where new, long-term investment in property or businesses may qualify for tax incentives. Congress created the Opportunity Zone program in the Tax Cuts and Jobs Act of 2017. In a rare instance of bipartisanship, Sens. Tim Scott (R-S.C.) and Cory Booker (D-N.J.) co-sponsored the legislation as an attempt to attract capital to parts of every state that could benefit.

So far so good, right? But