How to create a qualified opportunity zone fund | Qualified OZ Funds for Capital Gains explained
The new OZ funds pool money from multiple investors and invest in businesses and real estate development projects located in economically distressed communities that the federal government has designated as in need of investment. The more than 8,700 opportunity zones include parts of nearly every major American city, including Chicago and Los Angeles, as well as all of Puerto Rico and remote towns in Alaska. Investors who put money in OZ funds can defer and eventually reduce taxable capital gains, depending on how long they stay invested.
In this video I will discuss how to invest in an opportunity zone fund and what are all time and investment constraints that one must follow in order to access all tax incentives available to Opportunity Zone investments.