Opportunity Zone 101 for RE
1⃣Sell something for a capital gain?
2⃣Put gain in an OZ Fund (QOF)...you still owe taxes on original gain but defer payment to 2027
3⃣QOF must invest into OZ Real Estate
⏰Stay in QOF for 10 years
🤑No tax due on new profit or depreciation recapture
@moseskagan Important point MK. By treating people well and being generous with no strings attached, doors stay open. Givers gain. And the opposite is also true.
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