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How Cryptocurrency Investors Can Eliminate Capital Gains Taxes with Opportunity Zones

As the cryptocurrency market experiences unprecedented growth and volatility, savvy investors seek ways to protect their gains from hefty capital gains taxes. The Opportunity Zone program, a government-backed initiative, offers a unique and powerful solution to defer, reduce, and potentially eliminate capital gains taxes. This blog will explore how the Opportunity Zone program can benefit

Should I buy the property in my own name if I’m going to convey it to my QOZB later on?

The number one thing not to do with your Qualified Opportunity Zone (QOZB) transaction is: do not under any circumstances buy the property in your own name with the plan to convey it to your QOZB later on. Referencing our handy dandy Opportunity Zone Cheat Sheet, you have to start with a capital gain that

Do you have a Working Capital Safe Harbor Business Plan in writing when cash hits your QOZB in order to make your QOZB exempt from the non-qualified financial property test?

Number four on our list is a working capital safe harbor business plan. When creating your Opportunity Zone Fund and Business, referencing our handy dandy opportunity zone cheat sheet, you will take a capital gain and drop it down into your fund within 180 days. You have a six month asset test and you will