Two Kings Principal Presents On Opportunity Zone Investments
Two Kings principal Christopher Wang presented at a seminar on Opportunity Zones, sharing insights about evaluating potential investments and maximizing the tax benefits from the new tax-shelter program. Two Kings co-hosted the seminar with accounting firm Marks Paneth and title company Cornerstone Land Abstract.
Opportunity Zones allow investors to defer and reduce taxes on capital gains while investing those proceeds tax-free in eligible Opportunity Zone projects. Two Kings is currently developing a project in one of only six Opportunity Zones in lower Manhattan and is evaluating other eligible investments in the New York City region.
Resources on Opportunity Zones:
- https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/#39e20cad1485
- https://www.cnbc.com/2018/10/19/investors-can-get-tax-breaks-for-investing-in-opportunity-zones-treasury.html
- https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
For more information, please contact us at info@twokingsrealestate.com.