Opportunity Zone Investment vs. 1031 Exchange
[{"id": "ege7tak", "text": "I believe it\u2019s to late for this. Isn\u2019t the opportunity zone program over?", "replies": [{"id": "ege7x6e", "text": "It\u2019s in its infancy definitely not over. ", "replies": [], "depth": 2}, {"id": "egegl6j", "text": "No. There are 5 year and 7 year step ups before the gain must be recognized in 2026 or the disposition of the asset. So if you want to make full effect of the program, the 7 year 15%, you will need to jump into the pool by Dec 31st, 2019. \n\nSo a person who jumps in 2019 can get the full 15% elimination, someone who jumps in Jan 1st 2020 can max out at 10%. ", "replies": [{"id": "eghh5qj", "text": "and a person who jumps in in 2028 can still get the new captal gains exclusion if they hold it for 10 years.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ege9cpq", "text": "Thanks for this info. All Commercial Brokers/Agents in our city meet once a month to go over a main topic and discuss developments/available sites... Last month we went over Opportunity Zones at length and even after meeting with our city chamber I still feel like I don't have a complete firm grasp on it. ", "replies": [{"id": "egeaess", "text": "I don't think all of the details were laid out when it was originally announced. This same site has an Opportunity Zone Investment FAQ that helped me get a better grasp. I think since these are both newer resources, they have more comprehensive details than other sites.", "replies": [{"id": "eghguv8", "text": "The details still are not all laid out. They are expecting another reg dump later this spring or summer.", "replies": [], "depth": 3}], "depth": 2}, {"id": "egfp4jj", "text": "What city do you live in?", "replies": [], "depth": 2}], "depth": 1}, {"id": "egegy0d", "text": "I was told from a few events that were hosted by the city of San Fran and San Jose that there will be more info released on the specifics of QOZ tomorrow 2/14/2019 , anyone know where we should be looking for this info?", "replies": [{"id": "egei449", "text": "I would keep an eye on irs.gov and eig.org", "replies": [], "depth": 2}, {"id": "egem6f3", "text": "Hearings in Congress tomorrow not guidance tomorrow:\n\nhttps://nesfinancial.com/irs-reschedules-public-hearing-on-opportunity-zones-regulations\n\n", "replies": [], "depth": 2}, {"id": "eghh358", "text": "all delayed thanks to the shutdown.", "replies": [], "depth": 2}], "depth": 1}, {"id": "egej591", "text": "As someone else mentioned in this thread, hurry up! If you want to unlock the FULL tax benefit of this program, you need to invest by end of 2019 (unless they extended that??). In either case, gotta start thinking about dispositions or fundraising now. ", "replies": [{"id": "egfko49", "text": "They extended it... you\u2019re good. ", "replies": [{"id": "ehvgyly", "text": "How long did they extend it for? Do you have any links?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "egflw5w", "text": "I've built a database to check for qualified opportunity zones. If you have any questions about this I've read quite a deal on the subject", "replies": [], "depth": 1}, {"id": "egfpnd6", "text": "This is helpful. Thank you for sharing ", "replies": [], "depth": 1}, {"id": "egtc58n", "text": "My scenario - I have clients asking how much increase of monetary value do opportunity zoned properties provide for either a seller or buyer? If we have a property in the O.Z. and want to sell it, how much more is worth above market value or does it matter? Looking for some direction. Thank you in advance.\n\n", "replies": [], "depth": 1}]