What is the opportunity?
If you are selling or have sold your business, stocks, bonds, or real estate at a profit, there are significant tax savings if invest the gain from the sale into a Qualified Opportunity Fund (“QOF”). The monies invested in a QOF are used to acquire real estate located in an Opportunity Zone (“OZ”), which are geographic areas of a state designated for economic stimulus. To be eligible, within 180 days of the sale, you must rollover the gain’s portion of the sale into an Opportunity Fund. Investments acquired in the fund produce significant tax advantages if held long-term.