Simple Passive Cashflow Podcast

I did some research on this new Opportunity Fund Zone tax benefits. Below are some notes and ideas.Note: I’m not a CPA or attorney just putting it out there to help inspire some ideas.An Opportunity zone (OZ) is a tax-favored investment for people with capital gains.6-pages in the tax document in the new 2017 Tax Cuts and Jobs ActGoal to encourage long-term investments in low-income communities across the US.Every major city has some OZ.Most of Detroit is an OZ plus large portions of Baltimore.Allows investors to sell their appreciated assets and invest their realized capital gains into one or more designated OZ.EVEN STOCKS! Non-like kind assets are OK!After your selling your appreciated asset you have 180-days.The longer you hold the more benefit you get (up to 10 years).1) Defer your original capital gain tax obligations until 2026 or until you sell your OZ investment.2) Discount of 10% or 15% on the taxable amount of your original gains. If you hold more than 5 years your original cap gains decre