PT 2 of 3: Opportunity Zone Fund Regulatory Update April 2019 "The 11 Inclusions aka Cashing Out"
Part 2 of 3 from the April 24 2019 www.oppfundnetwork.com webinar replay of Chris J Snook (SVP of Investments at Catalyst Opportunity Zone Impact Fund) discusses the 11 inclusions that would trigger a 'cashing out' and taxable event and how to mitigate them as you plan your estate and holding periods.
RESOURCES TO HELP YOU (Short links to the IRS site for download))
-IRS Form 8996 (QOF Self Certification)
https://www.irs.gov/pub/irs-pdf/f8996.pdf-IRS Form 8949 (Electing QOF Assets to Rollover)
https://www.irs.gov/pub/irs-pdf/f8949.pdf-Full Transcript IRS Regulatory Guidance April 17, 2019 "Investing in Opportunity Zones"
https://www.irs.gov/pub/irs-drop/reg-120186-18-nprm.pdfDisclaimer: We are not investment advisors.
Opinions expressed herein are solely those of OppFundNetwork.com, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. OppFundNetwork.com (Blackshirt Media LLC, Launch Haus LLC, & Chris J Snook) are not an attorney, business advisor, broker financial advisor, accountant, or CPA. The information provided on this presentation is for educational and entertainment purposes only and does not constitute professional advice of any kind. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
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https://www.youtube.com/watch?v=lVxpw0pWbcA