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    What Are “Opportunity Zones?”

    Attention Inland Empire investors and home buyers/sellers–did you know? A LARGE portion of our local I-10 Corridor–not only San Bernardino, but parts of Redlands, Yucaipa, Loma Linda, Colton, Rialto, and beyond–are located in designated Opportunity Zones!

    Established in the 2017 “Tax Cuts and Jobs Act,” the Qualified Opportunity Zone program benefits underserved/economically disadvantaged communities as well as investors. Cousin of the 1031 exchange, Opportunity Funds allow investors the chance to not only defer taxes on gains, but also eventually gain the potential for tax-free profit. After 5 years, 10 percent of the initial investment is excluded from being taxed. After 7, it becomes 15%. After 10 years, there is ZERO tax on gains earned from the Opportunity Fund. For local communities, this provides an additional incentive for private investors to reinvigorate local communities (hopefully) side-by-side with public funds to jumpstart growth. In addition, the investors have to make a significant contribution to the development of the property; it’s not simply a slumlord/tax shelter opportunity.

    Please don’t hesitate to reach out for more info, as well as for my network of local financial planners and investors for assistance–links to resources located below:

    An Overview of Opportunity Zones in California

    Interactive Map of Opportunity Zones

    Get Up to Speed on O-Zones

    IRS Resources, Opportunity Zone FAQ

    NAR Background: Qualified Opportunity Zones

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