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Opportunity zones, a new investment vehicle that can reduce capital gains taxes, could significantly boost redevelopment of low-income neighborhoods.
To get the tax savings, investors put money in a qualified fund that in turn invests in businesses or real estate within a zone. There can be many investors in a large fund that does projects in multiple states, or a single investor creating a fund for a single building, said Joseph Mann, a federal tax attorney and partner at Vorys, Sater, Seymour…
Columbus Business News - Local Columbus News | Business First of Columbus
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Opportunity zones calling: Here's how the tax break works