Uncle Sam Wants You Investing In Poor Areas
Capital gains are a good problem but a tax problem nonetheless. An excellent new way to defer paying tax on a capital gain is by investing in an area designated by Uncle Sam as an Opportunity Zone (OZ).
When you invest in a business or real estate project in an "OZ," capital gains taxes on selling stocks, a business, or any other investment can be deferred. You put pre-tax dollars to work in an OZ, which delays the capital gain taxes owed, and the extra investment of pre-tax dollars — if it generates profits — defrays your capital gain.
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