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Topic: USA: "Investing In Opportunity Act" provides tax advantage for capital gains (Read 98 times)

legendary
Activity: 3024
Merit: 1640
lose: unfind ... loose: untight
I don't know why, but a preponderance of threads have the second post reserved by the thread starter. Maybe some day it will be evident to me why this is done. In the meantime...
legendary
Activity: 3024
Merit: 1640
lose: unfind ... loose: untight
Branched from the WO thread:

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/



This thread is meant for the discussion of this program, and the tax advantages thereof. Think of it as a self-selected 'study group' where we all help each other to understand:
- whether this is a program we each can take advantage of;
- tools for evaluating the scope and amount of benefit; and
- the details of engaging such program.

This is a self-moderated thread. I intend to moderate only posts that are clearly off-topic or abusive. In an ideal world, this would be zero deletions. Let's see how it goes.



Edit: Nevermind - there is already active discussion underway at : https://bitcointalksearch.org/topic/discussion-of-opportunity-zones-with-no-capital-gains-taxes-in-the-us-4740118
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