Doctor Money Matters

On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment. 

Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way.

Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be in real estate or qualifying businesses. 

The tax breaks are 3 fold:

1. Defer realized capital gains.
2. Reduction of existing capital gains by up to 15% if opportunity zone investment held for 7 years.
3. No tax on future capital gains if opportunity zone investments if held for 10 years.

As we discuss, these benefits can make a good deal better but do not make bad deals good, so please really vet the deals that are being presented.

Remember this show is for educational purposes only. Please do your own due diligence prior to investing in any deal.

A link to the WSJ article mentioned at the beginning of the show.

Wall Street Journal–Opportunity Zones off to slow start

Contact info for Daniel Gauthier

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