Turquoise Place Monthly Market
The Opportunity Zone Can Help You Realize Profits In The Stock Market
Dated: October 4 2019
Do you have a substantial amount of unrealized paper profits in the stock market?
Are you worried that a recession is around the corner and your paper profits could get wiped out, or severely diminished with a drop in the stock market?
Are you hesitant to sell your stock holdings because you don't want to pay a large capital gains tax bill?
If you answered "yes" to the above questions, you may want to consider cashing out of the stock market, realizing your profits, and rolling them into an investment in an Opportunity Zone. When you roll your capital gain into an investment in an Opportunity Zone, you can defer your capital gains tax until the year 2026. At that time, you will get either a 10% or 15% credit on your tax bill. If you hold the Opportunity Zone asset for more than 10 years, you won't owe any capital gains tax on the appreciation of the asset. Furthermore, you can depreciate the asset as a write-off against ordinary income and will not have to recapture those depreciated dollars as income when you sell the Opportunity Zone asset.
If you would like to learn more about this program, click OPPORTUNITY ZONE, or call Lance Niel to discuss.
As an Orange Beach homeowner and resident, Lance enjoys living the Gulf Coast lifestyle and is passionate about sharing it with others. He helps his valued clients achieve wealth creation and personal....