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Defer capital Gains in the Opportunity Zone

jerryld
Level 1

Can you defer capital gain on sale of 1250 or 1245 property if you put the money from the sale into a new construction on an existing lot in opportunity zone

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1 Comment 1
Norman2001
Level 7

I think your client might want to investigate a Qualified Opportunity Fund. §1231 gain can be invested in a fund.

 

https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions#:~:text=What%20i....

 

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