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Long Island Business News

Long Island Business News quoted from the Marcum 2018 Tax Guide in an article about opportunity zones.

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A taxpayer may defer up to 100 percent of realized capital gain if the capital gain is reinvested into a qualified opportunity fund within 180 days from the date of the sale of the asset, according to the 2018 Year-End Tax Guide, which accounting firm Marcum, which has offices in Melville, sent to its clients... [t]here are two additional ways to invest in an opportunity zone in order to defer and/or eliminate capital gains, according to the Marcum report: investors can invest directly in a qualified opportunity zone business or a qualified opportunity zone property.

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