Paradigm Blog How to Best Take Advantage of Opportunity Zones

Since it was introduced as part of the Tax Cuts and Jobs Act, interest in the Opportunity Zones program has been off the charts. And now that that the proposed regulations are out, it's easy to see why investors are eager to take advantage of the generous tax incentives. The program is intended to revitalize economically distressed and neglected neighborhoods by offering preferential tax treatment. In total, there are 8,700 Opportunity Zones across the United States, both in rural regions and in every major city. To maximize potential benefits, taxpayers must invest in a qualified opportunity fund before Dec. 31, 2019. However, like any investment, investments in opportunity zones also have associated risks and real estate owners and developers should be calculated.