Everyone wins with Qualified Opportunity Zones
Abstract: The Qualified Opportunity Zone (QOZ) program created by the Tax Cuts and Jobs Act (TCJA) provides a tax incentive for investors who realize capital gains to make long-term investments in one of the nearly 9,000 distressed communities in the United States that have been designated QOZs. This article discusses the pros and cons of investing in QOZs. For investors to gain the maximum tax benefits, they need to invest not only capital gains, but time — seven years or more. But the article notes that, if they can hold onto the investment over that period, they’ll make a profit — both for the communities and for themselves.