Opportunity Zone Investments
The Synergy-Zone fund enables investors with qualifying capital gains to defer taxes and smartly grow a real estate investment portfolio in areas that should continue to develop and prosper over time.
What are Opportunity Zones?
The 2017 Tax Cuts and Jobs Act established the Qualified Opportunity Zone program to provide a tax incentive for private, long-term investment in economically distressed communities. There are approximately 8,700 opportunity zones across the US of which 320 are in Ohio.
What is an Opportunity Fund?
An Opportunity Fund is a recently created investment vehicle created as a method to invest in Opportunity Zones and reap favorable tax advantages.
Why invest in the Opportunity Zone Fund?
Opportunity Zone Funds allow investors to defer federal taxes on any recent capital gains until December 31, 2026, reduce that tax payment by up to 15% if the investment is held in the Opportunity Zone fund for 5 years, and pay zero taxes on appreciation if the investment is held for 10 years or more. Investment in Ohio Opportunity Zone Funds that invest in Ohio Opportunity Zones may also receive credit on Ohio State income taxes.
What are Opportunity Zones?
The 2017 Tax Cuts and Jobs Act established the Qualified Opportunity Zone program to provide a tax incentive for private, long-term investment in economically distressed communities. There are approximately 8,700 opportunity zones across the US of which 320 are in Ohio.
What is an Opportunity Fund?
An Opportunity Fund is a recently created investment vehicle created as a method to invest in Opportunity Zones and reap favorable tax advantages..
Why invest in the Opportunity Zone Fund?
Opportunity Zone Funds allow investors to defer federal taxes on any recent capital gains until December 31, 2026, reduce that tax payment by up to 15% if the investment is held in the Opportunity Zone fund for 7 years, and pay zero taxes on appreciation if the investment is held for 10 years or more. Investment in Ohio Opportunity Zone Funds that invest in Ohio Opportunity Zones may also receive credit on Ohio State income taxes.
How does it work?
To defer a gain, a taxpayer has 180 days from the date of the sale or exchange of appreciated property to invest the realized gain (typically a capital gain) into a Qualified Opportunity Zone Fund.
Defer
payment of tax on capital gains for up to seven (7) years on opportunity zone investments.
Save
up to 15% on tax on capital gains when the investment is held in our Opportunity Zone Fund for 7 years.
No Taxes
on capital gains on appreciation when the investment is held in our Opportunity Zone Fund for 10 years or longer.
Ohio State
income taxes may be reduced for Ohio Opportunity Zone Investments in an Ohio Opportunity Zone.
Defer the payment of your capital gains until Dec 31, 2026
Section 1400Z-2(b)(1) states that capital gains rolled into an opportunity fund within 180 days of being realized shall be included in taxable income for the year ended December 31, 2026.
Reduce the tax you owe by up to 15% after seven years
Section 1400Z-2(b)(2)(B) states that an investor’s basis in the capital gain rolled into an opportunity fund will have a step-up in basis of 10% if held for at least five years, and a step-up in basis of an additional 5% if held for at least seven years. Note, however, that as the deferred capital gain will be taxed on December 31, 2026, we expect that these holding periods would need to be satisfied prior to that date in order to receive the benefits described herein.
Pay no tax on gains earned on the Opportunity Fund
The TCJA provides that, for investors who have rolled capital gains into an opportunity fund and hold that investment in the opportunity fund for a period of ten years or more, that any additional gain realized by such investor from liquidating such investment will not incur additional federal capital gains taxes.
Potential benefits on Ohio State Income Tax
Ohio State income taxes may be reduced or eliminated. A credit may be obtained on 10% of the amount invested in an Ohio Opportunity Zone Fund that invests in an Ohio Opportunity Zone.
Want to learn more?
Defer
payment of tax on capital gains for up to 7 years.
Save
up to 15% on tax on capital gains when the investment is held in our Opportunity Zone Fund for 7 years.
No Taxes
on capital gains on appreciation when the investment is held in our Opportunity Zone Fund for 10 years or longer.
Ohio State
income taxes may be reduced for Ohio Opportunity Zone Investments in an Ohio Opportunity Zone.
Want to learn more?
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216.375.6539
info@synergycapitalpartners.net
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1247 Medina Road
Medina, Ohio 44256
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