CLA Talks: Opportunity Zone Investments
10/21/2020 / Economy and capital markets
With deep experience in the real estate field and investment market, CLA is here to provide you with the latest guidance regarding opportunity zones to help you make clear investment decisions. CLA’s Clayton Bland and Jack Rybicki discuss opportunity zones and how you can decide whether they’re right for you.
Speakers:
Clayton Bland, Chief Wealth Advisory Officer, CliftonLarsonAllen Wealth Advisors, LLC
Jack Rybicki, Managing Principal of Private Capital, CliftonLarsonAllen LLP
What we talked about:
Should you consider an opportunity zone investment?
Realized gains
2019 tax guidance
COVID-19 relief related to opportunity zones
Benefits of opportunity zone investments
Deferral of realized gains
Tax exemptions
Appreciation of value on investment
Incentive to invest in certain regions
Community benefits
Difference between opportunity zones and typical real estate investments
What steps should you take to invest in an opportunity zone this year?
Make the investment before year-end
Amend your tax return
Contact your wealth advisor and tax provider