The Opportunity Zones Program provides the following three benefits to investors when capital gains are reinvested into a Qualified Opportunity Fund (QOF) within 180 days after sale.
Note: All assets which are located in an opportunity zone when purchased by the QOF must be improved by incurring costs greater than 100% of the initial basis in the assets over 31 months.
UpVentures is not in the business of providing tax or legal guidance. Before making any QOF investments, we strongly recommend evaluating Economic Opportunity Zone Tax Incentives and other tax implications resulting from distributions with your financial advisor.