One of the biggest potential tax breaks was passed last year but very few are aware of are these “Opportunity Funds”.
Below are a few links to get you up to speed…if you have any other great resources let me know…
quote then links
Investing in Opportunity Funds can provide the following three tax incentives to investors:
- Deferral of capital gain;
- Possible reduction of the amount of gain realized through a basis adjustment; and,
- Possible permanent exclusion of gain on the appreciation for the interest in a Qualified Opportunity Fund.
Furthermore, there is no cap on the amount of money that can be invested in Qualified Opportunity Funds