GlobeSt.com
By Kelsi Maree Borland

Investors should hurry if they want to take full advantage of the benefits afforded in Opportunity Zones. The biggest incentives of opportunity zones are tax deferral, but there is a deadline. For that reason, investors should act quickly if they want to invest in Opportunity Zones and take advantage of those financial benefits.

“One of the tax benefits of the Opportunity Zone incentive is deferral and partial exclusion from tax of capital gain, provided the taxpayer contributes funds up to the amount of the gain to a qualified opportunity fund within 180 days from the sale or exchange that triggered the gain,” Kristin DeKuiper, a transactional attorney at Holland & Knight, tells GlobeSt.com. “The deferral lasts until the earlier of the date the taxpayer disposes of his or her interest in the qualified opportunity fund or December 31, 2026.” Read more.