#654 - "Opportunity Zones" in Chicago


Manage episode 217545525 series 2391819
By Kathy Fettke and Kathy Fettke - Real Wealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The new tax law encourages investment in economically distressed communities, called "Opportunity Zones." This is by far one of the best deductions available EVER!

These Opportunity Zones are expected to spur economic growth by allowing investors to defer tax on ANY prior gains through 2026, and if the property is held for 10 years, the investor will pay no tax on any new gain.

The Department of the Treasury officially designated more than 8.760 such zones. At this weekend's event, a developer will be sharing where those zones are located in the Chicago region.

Find out more on today's Real Wealth Show and at this weekend's live event and upcoming tour!


275 episodes