Opportunity zones are powerful new tax savings opportunity
Q: As a result of new federal tax legislation, newly designated Opportunity Zones now exist throughout the U.S., including in downtown Oklahoma City, Tulsa and other areas throughout the state. What are the tax advantages of Opportunity Zones?
A: Any taxpayer that has capital gains from any source (including stock sales) can defer their gain from federal taxation if they invest the capital gains in an Opportunity Zone in a qualifying investment such as a new shovel-ready project or for a substantial rehabilitation of qualifying property.Read more on NewsOK.com
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Q&A with Matt Campbell: Opportunity zones are powerful new tax savings opportunity