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The IRS is giving you more time to invest in this new tax-advantaged strategy

June 5, 2020


Investors who were sitting on the sidelines during coronavirus will get some more time to partake in a new tax play.

Qualified opportunity funds were created by the Tax Cuts and Jobs Act of 2017.

They offer taxpayers an incentive to invest capital gains they incur elsewhere into economically distressed communities, granting investors an attractive tax break if they remain in the fund for at least five years.

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