Partner Kristin DeKuiper was interviewed by GlobeSt.com on Opportunity Zones and how investors will need to hurry if they want to take full advantage of the benefits. Ms. DeKuiper discussed all the tax benefits an investor could receive such as capital gain tax deferrals or partial exclusions. For investors to receive full benefits, interest from the Opportunity Zone must stay in the fund for seven years prior to Dec. 31, 2026 which is when deferred gain must be recognized.
“One of the tax benefits of the Opportunity Zone incentive is deferral and partial exclusion from tax of capital gain, provided the taxpayer contributes funds up to the amount of the gain to a qualified opportunity fund within 180 days from the sale or exchange that triggered the gain,” explained Ms. DeKuiper.
READ: Hurry If You Want to Jump on the Opportunity Zone Train (Subscription Required)
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