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How to navigate through the Opportunity Zone tax maze
June 18, 2019 /
To get any federal tax break for investing in an Opportunity Zone fund — an entity making qualified investments in designated economically distressed areas — investors must have a capital gain in an asset, sell that asset, defer tax on the gain and reinvest the gain in the fund no later than Dec. 31, 2026.
To show how it works, we’ll say Jack has a gain in Apple stock.
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