HI¡ I'M SHERISE¡ AND I WORK FOR THE INTERNAL REVENUE SERVICE.
BECAUSE OF RECENT TAX LAW CHANGES¡ YOU OR YOUR BUSINESS CAN DEFER PAYING TAX ON CAPITAL GAINS INVESTED IN A QUALIFIED OPPORTUNITY ZONE THROUGH A QUALIFIED OPPORTUNITY FUND.
AN OPPORTUNITY ZONE IS AN ECONOMICALLY-DISTRESSED COMMUNITY WHERE NEW INVESTMENTS¡ UNDER CERTAIN CONDITIONS¡ MAY RECEIVE PREFERENTIAL TAX TREATMENT.
TAX DEFERRAL OF THE REINVESTED GAINS ENDS DECEMBER 31ST¡ 2026¡ OR SOONER IF YOU SELL OR EXCHANGE THEM.
TO BE ELIGIBLE¡ YOU MUST INVEST YOUR CAPITAL GAIN IN A QUALIFIED OPPORTUNITY FUND WITHIN 180 DAYS.
AND¡ IF YOU KEEP THE MONEY IN A QUALIFIED OPPORTUNITY FUND FOR AT LEAST TEN YEARS¡ YOUR BASIS CAN INCREASE TO THE FAIR MARKET VALUE ON THE DAY YOU SELL OR EXCHANGE IT.
TO LEARN MORE¡ GO TO I-R-S-DOT-GOV-SLASH-NEWSROOM-SLASH-BUSINESSES.
THEN SCROLL DOWN AND CLICK 'OPPORTUNITY ZONES.'
AND¡ IF YOU FIND THIS VIDEO HELPFUL¡ PLEASE SHARE IT.
THANK YOU.