Qualified opportunity zones were created as a bipartisan effort to encourage economic growth, improve housing and de-segregate distressed neighborhoods. Tomorrow at 8 pm EST, I'll discuss the tax benefits of QOZ's, and compare this approach to 1031 exchanges as a way to defer and reduce capital gains tax:
In this episode, we discuss the following:
What is a Qualified Opportunity Zone?
How does a Qualified Opportunity Zone work?
Tax benefits of Qualified Opportunity Zones
Qualified Opportunity Zone vs 1031 exchange