Opportunity Zone Investment Tax Deferral

[Pradhap Nirmal Natarajan]

Hi All,  I have a question on the capital gain deferral. I made some capital gains in December 2019 and I was wondering if I can invest these gains in an opportunity fund (Fundrise opportunity fund) in January 2020 and still defer gains for the tax year 2019. If I invest in 2020 with gains from 2019, I defer taxes for the tax year 2019 correct? Any inputs appreciated. Thanks,

[Michael Plaks]

Originally posted by @Alina Trigub:

I assumed there’s no point for an OZF to exist beyond the 10 year threshold.

Quite the opposite. Since the gains can be excluded thru 2047, there's a huge incentive to keep the fund running until then.

Let's not mix up two buckets of gains: the pre-OZF gains that have to be paid in 2026 and the inside-OZF gains that can be completely excluded.