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

Related Services Tax & Business, Tax Credits & Incentives

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

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.

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