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Opportunity Zone tax deferral ends Dec. 31 for some investors
CNBC Markets says investors with Opportunity Zone positions that rely on deferred capital gains will face taxes after the Dec. 31 end date.
A tax incentive tied to Opportunity Zones that allows some investors to defer taxes on reinvested capital gains is set to expire on Dec. 31, according to CNBC Markets.
The outlet notes that the change affects current Opportunity Zone investors who are relying on the incentive, meaning deferred capital gains taxation would no longer be available after the deadline.
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