Big Tax Savings Ahead with Opportunity Zones
By Tony Perricelli
CPA When investors search for the best overall performance for their capital, they are often faced with a choice between investment flexibility and tax efficiency. It is not often that they have the potential to achieve both in the same vehicle. Although beginning in 2018, there is an arrangement that will allow for tremendous flexibility in investment options combined with a surprisingly generous array of tax benefits. Passed as part of the Tax Cut and Jobs Act of 2017 in December 2017, “Opportunity Zones” have the potential to provide huge benefits to those who use them.
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