Fidelity National Title Idaho Blog

Final Regulations for Qualified Opportunity Zones: What You Need to Know

Posted by Coni Rathbone and Jonathan McGuire on Feb 10, 2020 12:05:00 PM

The QOZ program was an element of the Tax Reform and Jobs Act of 2017. It is designed to provide Americans who have capital gains built into assets they own some incentive to sell those assets and put their gains to work on economic development projects in the QOZs — low-income areas designated as in need of new development. There are presently more than $6 trillion in capital gains sitting on the sidelines in America. These gains are essentially trapped in the assets: The owners will not sell the assets because they do not want to pay tax on the gains.

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Tags: Opportunity Zones, Coni Rathbone, Jonathan McGuire

Serving the Real Estate Community of Idaho For Over 60 Years. We are the most trusted name in title insurance Since 1848 specializing in personal, exceptional service for all of our valued customers. Fidelity National Title Company provides premier title insurance, escrow & closing services. Fidelity National Title is one of the nation's premier real estate service companies, providing title insurance and other real estate-related products and services and is part of Fidelity National Financial, a Fortune 500 company.

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