Curious About Qualified Opportunity Zones? BKD Is Here to Help
Created under the Tax Cuts and Jobs Act (TCJA) to boost economic development and job creation in distressed communities, qualified Opportunity Zones (OZ) allow investors to defer and reduce the recognition of gains that are reinvested into a qualified OZ Fund within 180 days. In addition, gains related to the appreciation on a qualified OZ Fund investment can be permanently excluded after a 10-year holding period. Sounds good, right?
Our knowledgeable tax professionals can determine if investing in an OZ is right for you, as well as walk you through the process from start to finish. We already assist thousands of clients from various industries across the country with developing tax strategies that help them take advantage of benefits within the tax law and reduce their tax burden.