Have you heard that the Tax Cuts and Jobs Act tax reform’s new qualified opportunity fund provision allows you to permanently defer capital gains?
We have. And like many things that sound too good to be true, it mostly is.
Qualified opportunity funds do provide an ability to defer (and potentially eliminate) some capital gains, but they aren’t the panacea some make them out to be.
We cut through the hype and tell you the good, the bad, and the ugly of this new tax law and its planning strategy. ... Log in to view full article.