Woodland Hills a tax-free investment. Broken Bow, Oklahoma designated as an Opportunity Zone.
Broken Bow, Oklahoma has been designated as an Opportunity Zone. For those who have vacationed in Broken Bow, Oklahoma, you have witnessed the huge amount of investment dollars flowing in over the last few years, creating substantial revenue for real estate investors . A booming market combined with Opportunity Zone tax benefits creates a unique investment opportunity which is further incentivized with the promise of paying little to no taxes on your gains.
As part of the 2017 Tax Cuts and Jobs Act certain “Opportunity Zones” were designated around the country. As an incentive to invest in these areas, large federal tax breaks are given to the investor. The tax breaks include paying no taxes on any capital gains that are invested into an opportunity zone. This is similar to a 1031 exchange, but the additional benefit of investing in an opportunity zone is that you pay substantially reduced tax after 5 years and no taxes on your investment after 10 years.
We are skilled on guiding Woodland Hills landowners on the very easy process of claiming tax incentives. The process is simple and consists of creating an LLC. This can be done in a matter of days for minimal costs or you can work directly with your tax accountant on setting this up for you.