The deadline for a 10% permanent reduction of capital gains tax owed on original investment expires December 31, 2021. Opportunity Zones, created under the Tax Cuts and Jobs Act of 2017, are an economic development tool that also provide potential tax benefits to investors. Investing in Opportunity Zone real estate projects offers two substantial tax advantages,
Pinnacle Partners is proud to have participated and partnered with Nitze-Stagen in the Canton Lofts project, which recently sold to King County for $32m. Located in the Pioneer Square district of downtown Seattle, Canton Lofts totals 35,000 SF and provides 80 supportive studio apartment units for unsheltered residents. This was the first Opportunity Zone project in
This article by Roger Russell originally appeared on accountingtoday.com. You can access it here. The real possibility of higher capital gains rates has fueled interest by investors in opportunity zone funds. While Code Section 1400Z, providing for the funds, was slipped into the Tax Cuts and Jobs Act late in the legislative process and with little
Pinnacle Partners’ Jeff Feinstein discusses the advantages of real estate investing in Opportunity Zones on The Pitchboard Podcast. Jeff explains what an Opportunity Zone is, why he and his team decided to become involved in projects of this type, and the requirements for investing in them. Click on link below to listen.
This article by Robert W. Wood originally appeared on Forbes.com. You can access it here. Taxes are an expense we all have, not really an opportunity. Yet if you play your cards right, tax savings and opportunities can now go together in a big way. The big federal tax bill passed in the closing days of 2017 is loved
This resource is credited to Griffin Capital.QOZ Funds1031 ExchangesEligible GainsAny capital gain, regardless of the asset that generated itLimited to gains from real property held for investment or used tin a trade or businessReinvestment of ProceedsOnly reinvest capital gain; can reinvest basis but it will not receive tax benefitsMust reinvest all proceeds and have same
This article by Richard Shapiro originally appeared on Eisenrampercom. You can access it here. We are all interested in how President Biden’s American Families Plan proposal will affect investing strategies moving forward. There are some major shifts in the treatment of capital gains, 1031 exchanges, and carried interest on the table. While most of the details have yet to
Mark Ein, founder and CEO of Capital Investment, discusses the Opportunity Zone legislation that allows investors to defer taxes on capital gains if they invest in designated areas.
This article by Joseph Pimentel and Jon Bannister originally appeared on Bisnow.com. You can access it here. In the first month after the coronavirus ground the U.S. economy to a halt, the opportunity zone marketplace had slowed along with the rest of the commercial real estate industry. The opportunity zones program has been described by
The Puget Sound Business Journal recently held a Thought Leader Forum on the topic of Opportunity Zones and the benefits they can provide to investors in our region. The Thought Leader panel was composed of Jeff Feinstein, Partner, Pinnacle Partners; Rod Fujita, CPA and principal, tax practice director of real estate services for Bader Martin,
Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]