Have Capital Gains from 2019? Your 180-Day Window is Running Out!
by Erik Hayden, on Mar 31, 2020 10:47:06 AM
Have you sold stock, a business or real estate in the last six months and have a capital gain?
You still have time to invest in a Qualified Opportunity Zone Fund (“QOZF”) to get potential tax benefits! But don’t wait too long because your 180-day window is approaching.
Let’s take a look:
Recently sold your stock or thinking of selling some shares to diversify? You have 180 days from the day you sell your stock to invest in a QOZF. For example, if you sold your stock in January of this year, you have until the end of June to invest!
That’s not all! Even if you sold your stock in late 2019, you still have time! If you sold your stock in November or December, or even late October, you still have time to qualify! Don’t let this opportunity pass you by - it’s your chance to take a bite out of the apple in one of the strongest real estate markets in the country: downtown San Jose.
If you have a capital gain from selling your business, you get to have a second bite of the apple! Per IRS’ final regulations updated in December, you have additional 90 days to invest, according to Nick Gibbons, CPA! That means you might have until September 2020, even if you sold your business in 2019!
Interested in investing? Contact us to learn more!
*Consult with your attorney and lawyer and note tax regulations are subject to change
*Diversification does not assure a profit or protect against losses