Dec 10, 2021
Summary:
Looking to defer taxes while investing in a high growth area? I sit
down and chat with Ashley Tison, who talks about benefits of
investing in opportunity zones, which were created by the Tax Cut
and Jobs Act in 2016 to spur economic investment into historically
under-invested areas. The incentive is that you eliminate
depreciation recapture and capital gain, and get to defer taxes on
the gain until 2026. Tune in to hear more about the strategy behind
opportunity zones and how you can effectively invest.
Highlights:
-Opportunity zones were created by the tax cut jobs act of 2016 to
spur economic investment into historically under-invested areas
-There were 8700 of these across US territories
-You get to defer taxes on the gain until 2026
-There are also incentives after you’ve held it for ten years—you
can take out the growth of this investment tax free
-You eliminate depreciation recapture and capital gain
-In turn you neg a negative interest loan from the government
-Opportunity zones are a great tool for generational wealth
building
-You can’t defer after tax dollars or pre-income tax dollars
-It’s not about the gain you have now, it’s about the gain you
think you’re going to have down the road
Useful Links:
Financial Survival Network
OZ
Pros