THE ULTIMATE TAX BREAK

Forbes - - OPPORTUNITY ZONES - —Janet No­vack

in­vestors who plow a 2018 cap­i­tal gain into an op­por­tu­nity fund get three tax breaks: de­fer­ral of tax on their 2018 gain un­til 2026; a 15% re­duc­tion on those gains when they are taxed in 2026; and tax-free growth of their op­por­tu­nity in­vest­ment, as long as they hold it for at least ten years. re­sults for res­i­dents of new york City, who can save state and lo­cal taxes by in­vest­ing in an o-fund, are shown in blue, while those for res­i­dents of texas (one of the seven states with­out a state in­come tax) are in red. note: not all states with in­come taxes will match the o-fund break. taxes for 2028 are cal­cu­lated with the as­sump­tion that the trump tax changes will be ex­tended.

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