I purchased a small strip mall before the area was designated as an Opportunity Zone in 2016. I am now selling the property. How can I then buy in an OZ and take advantage of the OZ benefits?
U.S. capital gain from the sale of an asset to any unrelated person is eligible for OZ deferral, so this casts a very wide net in terms of what you can use. Proceeds from the sale of real estate, businesses, artwork, and securities will qualify, among even more asset classes.
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