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sarnold@emersonequity.com 239-898-8918
US Treasury Final Regs on Opportunity Zones & FAQ's
Hello -
Today, I want to provide you with a little more detail from the US Treasury as a follow-up to last week's CPA Academy's CE Webinar on Opportunity Zones with Urban Catalyst. You'll find this piece to provide a good overview as to the program's benefits along with some clarification on the mechanics of some of the legislation's "moving parts". (Click below:)
Final Regulations on Opportunity Zones: Frequently Asked Questions - US Treasury December 19, 2019
If you have questions as to how Opportunity Zone Funds might benefit your clients facing large Capital Gains Taxes, just reach out to me to set up a call to discuss.
I'm going to close by bringing up again the fast approaching October 15th deadline for deferring 2019 Eligible Capital Gains.
Thank You for your interest & I look forward to our working together,
Steve
"Informed Investors Simply Make Smarter Investment Decisions"
Steve Arnold
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Take a look at Sean's Article summarized below and let me know how I might further assist you with your interest in Opportunity Zone Funds.
Why the October 15th Deadline Matters
by Sean Raft, on Aug 13, 2020
Have you experienced a capital gain from the sale of stock, the sale of real estate, or the sale of a business? Did you know that if you had a capital gains event that occurred on or after October 4, 2019, you may still be eligible to invest in an Opportunity Zone Fund? And if your eligible Capital Gain was taken within an entity you may be able to "look back" the entire 2019 calendar year.
And, if you’ve opted for a late tax filing date for 2019, you now have until October 15th to invest your capital gains from 2019 to avoid paying capital gains taxes without having to file an amended return.
Here’s why now is the time to take action:
If you invest in an Opportunity Zone Fund in time to include the investment in your late-filed 2019 tax return, you may be eligible to defer the taxes on the gain invested.
Even though you are eligible to invest your 2019 capital gains into an Opportunity Zone Fund through December 31st, you can avoid the hassle, time, and cost of filing an amended return after October 15 by including the investment in your 2019 tax return.
Don’t end up paying taxes on your capital gains when there’s an alternative. Opportunity Zone investments allow you to defer and potentially eliminate federal capital gains taxes.
Don’t miss out on this “once-in-a-lifetime” tax deferral program. You can invest in our portfolio of seven projects consisting of residential, office, hotel, and retail developments in the heart of Silicon Valley.
A properly structured Opportunity Zone Fund allows you to defer Capital Gains Tax on the sale of ANY Asset while making an investment that potentially will generate tax free income.
- The Sale of Residential or Commercial Real Estate ,
- The Sale of a Business,
- The Sale of Stocks & Bonds,
- The Sale of any type of Collecion,
- The Sale of anything that generates a Capital Gain
At any time feel free to reach out to me with questions or to request information on my available recommendations.
For now, "Thank you" for your interest & let me know how I might be of assistance.
All the best,
"Informed Investors Simply Make Smarter Investment Decisions"
Steve Arnold
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