IRC Sec. 1400Z is so attractive.

IRC Sec. 1400Z...doesn't sound so sexy right? It doesn't fit into catchy terminology like a 1031 exchange...but surprise! This section, added by the New Tax Code is as WILD a tax provision as you can find, and the IRS just made it even more attractive. 1400Z or Qualified Opportunity Zones (QOZ) provides investors in certain Real Estate tracts an incredible tax benefit for investing in economically-distressed communities. So let's say you made $100,000 capital gains profit from your stock portfolio. You can reinvest the gains in an opportunity zone or fund. This pushes off your tax bill on your $100,000 for 10 years. After 7 years you get to exclude 15% of that gain from tax. The cherry on the cake? After 10 years you can completely exclude the gain on appreciation of the investment when such property in the QOZ is sold. The IRS has now made the scheduling of an investment and a funds purchase of an QOZ property much easier, and has made a clear push to not only include the purchase of Real Estate in this special section, but also businesses located INSIDE a QOZ. Investors, real estate professionals and property owners take note: the rules are complicated so call a hashtag#taxpro before being involved in a Qualified Opportunity Zone investment at any level. hashtag#dontbeataxpuppet