“When Opportunity Knocks…”
– Presentation by Josh McCallen

Register now for the September 2019 SIA event on IRA Management..

Additional Resources

Josh’s Presentation Deck:
Click for Opportunity Zones Presentation – SIA – 5-21-19

Summary of Key Dates & Timelines

· Plan when you choose to realize capital gains – You have 180 Days to invest from the date of your realized capital gains (yes this can go back in time to realized gains from 2018 if you hurry)

· Maximum Tax Deferral Opportunity= Invest before 12/31/19 – You defer paying tax on the initial capital gain until Dec 31, 2026. And even then, you get a 15% discount on that tax

· Very good Tax Deferral Opportunity= Invest before 12/31/21 – You defer paying tax on the initial capital gain until Dec 31, 2026. And even then, you get a 10% discount on that tax

· New capital gains will be 0% if the Qualified Opportunity Fund holds the assets until 2029 (based on the invested funds from 2019)

More Resources on Opportunity Zones

· U.S. Department of the Treasury Community Development Financial Institutions (CDFI) Fund – Opportunity Zone Resources: https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx

· Interactive Map of Opportunity Zones : https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml

· IRS Opportunity Zone FAQs: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

· Congressional Testimony by the President of the Economic Innovation Group on “The Promise of Opportunity Zones”: https://eig.org/news/joint-economic-hearing-promise-opportunity-zones