calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
https://www.forbes.com/sites/anthon...nvesting-in-an-opportunity-zone/#308cf4f7d623
Anyone looking into this? Any offerings from Vanguard or the like you are aware of?
Short interpretation by me - so suspect - is that one could sell a property or stock and, unlike a 1031 exchange, invest in a not-like-kind thing. Also, unlike a 1031, only invest the depreciated equity and sale profit, keeping the undepreciated equity to play with. After periods of time 10% and then an extra 5% of the investment is tax free and after 10 years the increase in value of the investment is tax free. Oh - and the end of 2019 is going to mark the end of that last perk.
I'm looking at this as a way of divesting of rental property without giving the government any more of our money than necessary. Not a fan of investing in huge unknowns, especially with "Eddie's Opportunity, established 11/2018" or the like.
Anyone looking into this? Any offerings from Vanguard or the like you are aware of?
Short interpretation by me - so suspect - is that one could sell a property or stock and, unlike a 1031 exchange, invest in a not-like-kind thing. Also, unlike a 1031, only invest the depreciated equity and sale profit, keeping the undepreciated equity to play with. After periods of time 10% and then an extra 5% of the investment is tax free and after 10 years the increase in value of the investment is tax free. Oh - and the end of 2019 is going to mark the end of that last perk.
I'm looking at this as a way of divesting of rental property without giving the government any more of our money than necessary. Not a fan of investing in huge unknowns, especially with "Eddie's Opportunity, established 11/2018" or the like.
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