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Opportunity Zones

By September 2, 2018December 3rd, 2020No Comments

Does your portfolio have gains that you would prefer to lock in, but you don’t want to pay capital gains taxes? Are you considering the sale of a business, real estate, or any other appreciated asset over the next few years? Have you already realized a large amount of capital gains in the past few months?

If the answer to any of these questions is yes, then you need to know about Opportunity Zones. An investment in an Opportunity Zone (or a Qualified Opportunity Fund) can allow you to defer and reduce taxes on your capital gains.

Gains on the Opportunity Zone investment can even ultimately be tax free. GMAG is currently evaluating investment opportunities for our clients while the IRS regulations are being finalized. Additional details are provided in the document, and please feel free to call us to discuss these developments further.