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Uncle Sam Wants You Investing In Poor Areas

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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