you might lose your entire investment...and that nice gain you are trying to protect.
Sounds like such an good deal you'll take two? Well, in the rush to save taxes, the Opportunity Zone was born out of the Trump administration’s tax overhaul. It lets investors defer and reduce capital gains taxes in exchange for investing the money in designated low-income neighborhood development projects.
There is an old saying that you should never let the tax-man drive the car. They can ride along, but drive the car (or here, the deal) NO Way. Take a quick ready through this piece "Opportunity Zones Explained" and see if you are one bit interested. The program, born out of the Trump administration’s tax overhaul, lets investors defer and reduce capital gains taxes in exchange for investing the money in designated low-income neighborhood development projects
https://www.wealthmanagement.com/alternative-investments/opportunity-zone-investments-explained?NL=WM-09&Issue=WM-09_20190409_WM-09_134&sfvc4enews=42&cl=article_1_b&utm_rid=CPG09000013281097&utm_campaign=19717&utm_medium=email&elq2=0ccec57d50ad4270bc6bb2f8563982cb