Uncle Sam Wants You Investing In Poor Areas
By investing in an area designated by Uncle Sam as an Opportunity Zone, you can defer the tax on a large capital gain and possibly eliminate it altogether.
Usually, a large capital gain requires paying the IRS a large capital gains tax — say 35% — then you could invest the 65% remaining.
An OZ investment allows you to invest 100% of a gain instead of just 65% — and the capital gain tax can be delayed, or, possibly, eliminated altogether.
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