Ever since the Opportunity Zone (OZ) program was introduced in 2017, investors have asked many questions about the benefits of the program. With another key deadline quickly approaching – December 31, 2019 being the last day Opportunity Zone investors can invest to get the full tax benefit of the OZ program, many are asking if perhaps utilizing a 1031 Exchange to defer their capital gains is a better and simpler option.
The following highlights some of the differences between the two tax deferral strategies:
1031 Exchanges and Opportunity Zone tax deferral strategies have distinct benefits. As with any investment, it is imperative that you speak with your tax and legal advisors to ensure you do what is best for your situation.
To discuss 1031 tax deferral strategy, please reach out to IPX1031.
IPX1031 focuses solely on 1031 Tax Deferred Like Kind Exchanges. As the national leader in 1031 Exchange services, IPX1031 has the financial assurances, security and expertise essentials to protect your funds and provide answers and guidance throughout the exchange process .
For further reading on Opportunity Zones and 1031 like kind exchange:
Opportunity Zones – A Good Investment? https://www.ipx1031.com/oz/
IPX OZ 1031 Matrix Comparison
Forbes: Qualified Opportunity Fund Or 1031 Exchange: Which Strategy May Be Right For You?