Commercial Real Estate Pro Network Podcast: Tax-Free Gains in Qualified Opportunity Zone with Jonathan McGuire
This week, Aldrich’s own Jonathan McGuire, CPA, made another appearance on the Commercial Real Estate Pro Network (CREPN) with host Darrin Gross.
Gross is a commercial real estate insurance expert and real estate investor with more than 25 years of experience in the property management, multifamily, single family rental and commercial insurance industry. He specializes in the coverage needs of real estate investors.
This 45-minute episode provides an overview of the Qualified Opportunity Zone: a new investment vehicle added to the December 2017 Tax Cut and Jobs Act designed to use tax incentives to promote economic growth.
Benefits for qualified investors include:
- Deferred payment of capital gains.
- Step-up in basis for investments held for five years (10%) and seven years (15%).
- Tax-free gains on appreciation for investments held for at least 10 years.
The conversation also covers how to invest in Qualified Opportunity Zones through Qualified Opportunity Funds set up using capital gains.
Tune in to the entire episode to learn more and reach out to Jonathan with any questions.
Meet the Author
Partner - Real Estate
Jonathan McGuire, CPA
Aldrich CPAs + Advisors LLP
Jonathan McGuire has over eight years of experience providing strategic tax planning and compliance expertise to private middle-market clients. He has a deep focus as a real estate accountant, working with investors, developers, realtors, property managers, and other professional service providers in real estate. He works with a wide range of property types ranging from... Read more Jonathan McGuire, CPA
- Real estate
- Partnership taxation
- Tax planning and compliance
- Certified Public Accountant
- Repair regulations
- Qualified Opportunity Zones
- Qualified Opportunity Funds