WOODLAND HILLS - LAND OF OPPORTUNITY

Part of the 2017 Tax Cuts and Jobs Act designated “Opportunity Zones” around the country, as an incentive to invest in these areas there are large tax breaks being given. The tax breaks include paying no taxes on any capital gains that are invested into an opportunity zone (Similar to a 1031 exchange) but the added benefit of the opportunity zone is you pay substantially reduced tax after 5 years and no taxes on your investment after 10 years.

2 minute video explaining opportunity zones

BROKEN BOW, OKLAHOMA DESIGNATED AS OPPORTUNITY ZONE

Broken Bow, Oklahoma has been designated as an opportunity zone. For those of you who have vacationed in Broken Bow you have seen the huge amount of investment dollars flowing in over the last few years creating a lot of revenue for real estate investors . Now combined that with the Opportunity Zone tax benefits and this creates a very unique investment opportunity with a booming market and the ability of paying little to no taxes on your gains.

To take advantage of this tax incentive the only thing you need to do is to go through the very easy process of setting up an LLC that has the designation for Opportunity Zone investments. This can be done in a matter of days for minimal costs or you can work with your tax accountant on setting this up for you.