The Qualified Opportunity Zone (QOZ) program is now permanent! By investing in designated low-income areas, you can defer and potentially exclude capital gains. The new QOZ 2.0 rules include a 30% basis step-up after five years, encouraging investment in rural areas.
Tip: Hold your QOZ investment for at least 10 years to exclude appreciation from taxes entirely.
Would you consider a QOZ investment for the tax benefits, or does the complexity of the program deter you?