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Find out how you can build your wealth with an opportunity zone fund. Learn more about this investment opportunity before you take the leap.
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Qualified Opportunity Zones: What Investors Must Know Build your wealth further with qualified opportunity zones. If you’re looking for investments that can help you expand your portfolio and get you incredible gains, then this hits the sweet spot. Here are a few key takeaways to help you get a better perspective on this investment opportunity and why it might just be perfect for you. What are Opportunity Zones? The 2017 Tax Cuts and Jobs Act set up the program for Qualified Opportunity Zones. It’s designed to provide tax incentives for investors who put their money in financially distressed communities to drive growth and positive change in these areas. The investments are meant to boost business operations in these communities. How Do You Get the Tax Savings? Before you decide to be a part of an opportunity zone fund, you need to know the pros and cons of the program. For one, while those tax savings sound great,
you only actually get them if you let your investment in the Qualified Opportunity Fund for ten years. You still get some tax savings, though, depending on the time frames stated by the fund. However, if you want to make the most out of this opportunity, then you need to be ready to leave the investment there for ten years. If you need your investment flexible and fluid, you might need to explore other investment options. When is it the Right Option for You? If you have a lot of tax liability from capital gains, then investing in a Qualified Opportunity Fund is worth your while. However, the time conditions still apply, so think that through before you decide. How Does the Program Work? If you want to have your capital gains deferred, you have about 180 days to put the realized capital gain into a QOF (also known as a qualified opportunity fund) from the date of the sale or exchange of property. If you must the window, though, you won’t qualify for the program any longer.
What are the Benefits? The program is designed to encourage private investors to participate in driving and boosting the economic growth in these communities. That’s why Qualified Opportunity Zones make the investors eligible for tax perks. How Do You Find Opportunity Zones? The best way to find qualified opportunity zones is to work with a company that focuses on real estate investments. With their expert advice and help, you won’t have to jump through hoops trying to find which opportunity zones show the best promise, which communities are worth your investment, and which ones will get you the gains you want. Consult with a team of pros and find out which zones should be on your list. How Do You Find the Right Group? Since it hasn’t even been a decade since the Qualified Opportunity Zone program started, there haven’t been a lot of real estate groups that provide the help and expertise you need. Do your homework before you hire one. How much do they know? How much experience do they have? Find out. Contact Us – GALENA EQUITY PARTNERS 999 W Main St, Ste 1400 Boise, ID USA, 83702 Call Us – 877-424-8282