Qualified Opportunity Zones
Get Them While They’re Hot – OZones!
Qualified Opportunity Zones (OZones) are the relatively new kid on the tax planning block. First formed in 2018, OZones allow taxpayers to defer paying capital gains taxes by reinvesting those capital gains into a qualified OZone. This tax deferral lasts until 2026 and may also include a cut in the amount of gain having to be reported. While this 2018 – 2026 OZone window is brief, it does provide an alternative investment vehicle that boasts significant tax advantages. Ever on the cusp of developing laws and tax strategy, CRI’s team of attuned tax advisors can help you determine if Qualified Opportunity Zones are a benefit that you should take advantage of.