Advantages of Opportunity Zones and 1031s
Proactive Solutions To Address Your Taxable Event
Looking for ways to offset your long-term capital gains? We can help!
Have you considered the Qualified Opportunity Zone Program?
The Qualified Opportunity Zone Program was created by the Tax Cuts and Jobs Act of 2017 as a tax-incentive program designed to encourage long-term private sector investments.
Investors, which can be individuals and certain entities, may receive a combination of potential tax benefits when short and/or long-term capital gains are invested in Qualified Opportunity Funds and held for the required timeframe.
Opt-in today to gain clarity about the program and learn about the potential tax advantages. When you opt-in, you’ll receive an educational video to watch at your leisure.
Meet The Facilitators From Schwartz Financial, LLC
Born and raised in southwestern ND in a family who owned their own business, Lee developed a strong work ethic, a grounded outlook on life, and a knack developing and nurturing friendships and relationships. Always active, loving any time on or near water, a passion for health&fitness, numbers and music were evident from early on.
Health&fitness took the lead for education and career, leading to a Doctor of Chiropractic degree in 1998. Running his own business, caring for people from 1998 till 2016 full time. A career transition took place in 2016 as Lee learned of a section in the US Tax Code allowing a very effective and efficient way to increase spendable dollars for his tomorrows.
The passion for numbers surfaced and a calculated transition was underway. As a professional insurance advisor, Lee brings a level of detail and care to clients he has been bringing to people who have sought his care for two+ decades. Interestingly, there is a tremendous overlap in how he adds value and care while increasing people’s quality of life as an advisor. His clients see this and appreciate this.
Lee resides in White Bear Lake, MN. Yes, near water. Very involved in the community since 1998 as both of his adult children were raised here along with being an involved member of the business and sports community in the area too.
As far as music goes, Lee has an appreciation being raised when the WalkMan was the cool thing and then to nowadays having millions of songs at our fingertips, almost anywhere we are. No musical talent…yet ??
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Schwartz Financial, LLC
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The potential tax benefits of investing in a QOF apply to federal income taxes. Tax benefits fall into three categories: Deferral, Reduction, and Elimination.
In order to receive tax benefits through the QOZ Program, investors must recognize capital gains from the sale of an asset and, generally, invest those gains into a QOF within 180 days of selling the asset. However, there is flexibility in the timing for certain capital gains.
Due to the complexities of the QOZ Program, individuals considering an investment in a QOF should consult a qualified professional for financial, tax, and legal advice.
Opt-in to watch our educational video today.
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