Marty Doerr Featured in St. Louis Business Journal: Be Wary of Opportunity Zones
Opportunity Zones, as described, are billed as a great vehicle for investors to defer or reduce capital gains taxes. In underdeveloped neighborhoods, local officials view opportunity zones as a chance to inject new capital and activity into an area.
Marty Doerr, Partner in Charge, Tax Services was featured in a recent St. Louis Business Journal article cautioning investors to be aware of some less publicized risks associated with opportunity zones. Marty notes the importance of understanding the tax rate risk five to seven years from now when the deferred gain is actually taxed.
Read more about opportunity zones and potential pitfalls in the full article here.