Tax,
Real Estate/Development
Dec. 11, 2019
Time to look at tax deferrals: Section 1031 vs opportunity zones
Now’s the time to think hard about tax deferrals. Should investors use Internal Revenue Code Section 1031, which allows deferral of capital gains taxes on the sale of certain investment properties, or defer gains by investing in opportunity zones?
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
Now's the time to think hard about tax deferrals. Should investors use Internal Revenue Code Section 1031, which allows deferral of capital gains taxes on the sale of certain investment properties, or defer gains by investing in opportunity zones?
It's a confusing question, and there is not one right answer. Many sophisticated real estate investors continue to use Section 1031 despite the multiple benefits associated with opportunit...
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