December 3, 2018
Long Island Business News quoted from the Marcum 2018 Tax Guide in an article about opportunity zones.
Long Island Business News
By Bernadette Starzee December
Excerpt:
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.
