Are Opportunity Zones for You? 5 Questions to Ask

Remember when markets tanked in March and April as panic spread over the coronavirus’ impact? Many investors, including savvy ones, offloaded stocks after years of strong gains, saddling themselves with hefty capital gains tax liabilities.

In the search for alternatives to paying the tax immediately, a growing number of investors have homed in on opportunity zones as a way to buy time, give themselves a chance for further gains and do some social good while they’re at it.

Opportunity zones, which number more than 8,700 throughout the United States, were born out of the 2017 tax reform bill.