Opportunity Zones: How would you like to invest in Real Estate without paying taxes? Sounds too good to be true right? Today I am going to tell you how you can do exactly that!
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Finding Opportunity In Opportunity Zones
You can now invest in Real Estate without paying capital gains taxes.
In 2017 the U.S. Government created an economically-distressed community called Opportunity Zones which offers substantial tax credits to spur economic investment in certain areas.
Opportunity Zones allow those who hold their investments for ten years to pay no federal taxes on their investment. Most investors pay a 23.8% tax rate for capital gains…
So that is an extra 23.8% back in your bank account! You can invest through qualified Opportunity Zone funds or start your own corporation and apply for certification.
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Of course, there’s still a ton of unknown factors to the opportunity, but under the right circumstances, you may be able to live the life every investor dreams about. Making money and not having to pay taxes!
This could also be beneficial to those Invest Diva’s who’ve been making capital gains from the sale of their stocks, bonds, cryptocurrencies, forex, or other types of investment and worried about having to pay a ton of taxes on it. In that case, you can place your gains into a Qualified Opportunity Fund, and the owed tax on that gain will be deferred for seven years. Something to consider in this tax season.
What is a Qualified Opportunity Fund? – Opportunity Zones
A Qualified Opportunity Fund is an investment vehicle you can set up as either a partnership or corporation in order to invest in eligible properties in Qualified Opportunity Zones. Similar to other investments, if you invest in an Opportunity Zone Fund, your investment may increase or decrease in value over the holding period.
In addition, you can also get paid an income on your investments in Qualified Opportunity Zones and funds.
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This brings me back to you. What’s your best tax-saving secret? After you subscribed, head over to the comment section, give me a shoutout and let me know.
Remember that as the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio. Don’t forget to complete your risk management due-diligence before developing your investment strategy.
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
