Updated almost 5 years ago on . Most recent reply
Opportunity zone assistance
So I have three lots all located in Opportunity zone
I want to make better use of them.
Is there anyone in accounting that can clarify for me.
1) do I receive capital gains deferal if I purchase the lots now and build houses.
2) do I let my accountant know that I own lots in o zones that need to be mentioned in it's paperwork so that I can achieve certain status during my filing
3) would I need to do these things only during the sale of these three large lots in the Bronx?