Hey friends! As Toriel just told me a few days ago about opportunity zones, this is the...
Hi friends!
Which Toriel just told me a few days ago about opportunity zones
This is a relatively new benefit that gives you the option of reinvesting the US taxable amount for any gain (whether real estate or stock, etc.) instead of paying it to the US tax authority. The state basically allows you to defer the tax you owe until you sell the property in which you invest, or under certain conditions also waive your entire debt, all on the condition that you invest the same amount in certain predetermined areas.
Do you have experience with the benefit? tips? Has the process worked quickly and have you encountered unexpected problems or issues?
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