From OMA Connections Partner Clark Schaefer Hackett (CSH): “… arguably one of the most exciting provisions (of the Tax Cuts and Jobs Act) has not received much attention. This is the ability to defer and even permanently exclude certain capital gains when properly invested in Qualified Opportunity Zones.
“… in the past such zones were a bundle of sometimes confusing tax credits and deductions. The new law is unique in a couple of ways: first, the scope is national, with qualified areas in every state (and Puerto Rico), and second, investment is more straightforward … for tax law.
“All that is needed to start is an investor with a capital gain. …”
Read more about opportunity zones from CSH. 9/12/2018