The recently passed December 2017 Tax Reform Act created specially designated geographic districts called Qualified Opportunity Zones that allow you to receive substantial tax breaks for investment capital. When the investment is held for 5 years, the tax basis in the original investment is increased by 10%, and after 7 years, an additional 5%. Once the investment is held for 10 years, or until December 31, 2026, you will recognize no capital gain income on the appreciation of the asset from the time of the initial investment in the QOZ.
the time of the initial investment in the QOZ.Join us for an informational luncheon to learn more about this once-in-a-lifetime opportunity from a legal, accounting and development perspective.
RSVP to email@example.com by November 9, 2018