Business sale into QOZ (Opportunity zone fund)
So, I'm finally looking at the end of the line.. Sale of my business ($1M+) pending. I'm well situated otherwise, so I can venture a little.
Most of the profit will be in the form of long term capital gains. Quite a tax hit, but I'd like to roll over at least some of that into QOZ funds. They really
look inviting if I can stay in them for a long time.
Has anyone had much experience with QOZ funds? I'm mostly a index fund investor, but I really do need some diversification from them.