Ever since the Opportunity Zone (OZ) program was introduced in 2017, investors have asked many questions about the benefits of the program. With another key deadline quickly approaching - December 31, 2019 being the last day Opportunity Zone investors can invest to get the full tax benefit of the OZ program, many are asking if perhaps utilizing a 1031 Exchange to defer their capital gains is a better and simpler option.
1031 Exchanges and Opportunity Zone tax deferral strategies have distinct benefits. As with any investment, it is imperative that you speak with your tax and legal advisors to ensure you do what is best for your situation.
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