What Are Qualified Opportunity Zones?
What Is An Opportunity Zone And How Does It Work?
Qualified Opportunity Zones fuel tax-incentive funds approved by the Treasury Department that encourage investment in impoverished and underdeveloped areas looking for capital development. Stemming from the Tax Cuts and Jobs Act, the idea of these Opportunity Funds is to move billions of dollars into low-income communities by providing a tax deferment vehicle similar to how a Section-1031 Exchange works. There are currently 8,764 Opportunity Zones nationwide throughout all 50 states, Washington D.C., and U.S. territories. Read More