You may or may not have heard of an Opportunity Zone (OZ), and the opportunities (pun intended) that they create for investors and entrepreneurs. Basically, an opportunity zone is “An economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.” There are three main tax incentives that the opportunity zone program includes: Immediate Deferral: If capital gains from appreciated assets are invested in a OZ within 180 days of receipt, a capital gain tax can be deferred. Future Reduction: If the capital investment is held in a OZ for more than 5 years, there will be […]