|Fund Name||Zone Opportunity Fund Inc.|
|Fund Manager or Organizer(s)||ZOF Management LLC|
Commercial Real Estate, Other
|If Other, Please Specify:||Cannabis|
|Additional Fund Details||
In December 2017, the federal government created an economic stimulus program designed to spur investment in distressed communities (i.e., “Opportunity Zones”) by providing never-before seen tax benefits to investors. The Tax Cuts and Jobs Act allowed for the creation of “Qualified Opportunity Funds” (QOFs) in which taxpayers are able to reinvest capital gains in order to defer taxes thereon (for up to 7 years) while receiving up to a 15% tax exclusion for investments held in excess of 5 years, and a permanent tax exclusion from capital gains thereon for investments held in excess of 10 years.
In summary, here are the major benefits of investing in a QOF:
|Organization Details||Zone Opportunity Fund, Inc., is a Delaware corporation.
4007 E. Paradise Falls Dr., Ste. 212
Tucson, Arizona 85712