Deadline Nears for Opportunity Zone Deferred Gains Step-Up: What Does It Mean?
Time is running out for investors to take advantage of a big tax break by putting money into one of the country's 8,700 or so opportunity zones, which are designed to stimulate investment in lower-income areas.
Dec. 31, 2021, is the deadline to qualify for a 10% break in the already monumental tax deferrals you can enjoy for investing in a qualified opportunity fund (QOF) and keeping it there.
Here's what investors need to know about this opportunity, and what remains even if you don't make that deadline.
Source Fool.com
