A revolutionary approach to protecting gains while developing communities around the country.
What are Opportunity Zones
Opportunity Zones are specially designated census tracts reflecting areas needing economic development. They’re all part of Congress’s Tax Cuts and Jobs Act of 2017.
What are Opportunity Zone Funds?
Qualified Opportunity Zone Funds (QOFs) allow investors to defer and reduce taxes on capital gains by leveraging them in Opportunity Zone investments. QOFs are like a 1031 exchange, but with some key differences. For example, any realized gain can be rolled into an Opportunity Zone Fund.
How do these Impact Communities?
Opportunity Zones and Qualified Opportunity Funds were just introduced in 2018, but they’re purpose-built to stimulate local economies by creating businesses and development—redirecting resources to the areas needing it most.