Opportunity Zones Investing
Has anyone taken advantage, or plan to take advantage of the tax incentives in the Tax Cuts and Jobs Act of 2017 for the Opportunity Zones in Duval? From my understanding (Please correct me if i'm wrong) All you have to do is invest in real estate within the designated "Opportunity Zones" and at certain year marks your capital gain tax decreases. If you hold the property for 10 years the capital gain becomes a permanent exclusion from taxable income. Seems too easy, am i missing something?