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Episodes
Thursday Feb 02, 2023
Wipe Out Capital Gains Taxes through Opportunity Zones with Ashley Tison
Thursday Feb 02, 2023
Thursday Feb 02, 2023
Taylor Lot and Ashley Tison dive into the world of Opportunity Zones and discuss the advantages of investing in these areas. From tax reductions to a step up in basis to fair market value, Opportunity Zones provide an incredible opportunity for real estate investors. We also hear Ashley's story of how his investment in a mobile home park allowed him to launch a gun company and pursue impact investing, as well as gain valuable education from it. They provide advice for those wanting to get involved with Opportunity Zones and offer helpful tips on how to get started. Tune in now to learn more about this amazing program and how you can benefit from investing in Opportunity Zones.
[00:01 - 08:14] Opening Segment
- Opportunity Zones was created by the Tax Cut and Jobs Act of 2017
- If invested for a certain period, investors can reduce taxes paid on those gains in 2026
- Step up and basis to fair market value eliminates capital gains and depreciation recapture
- Tax-free compound interest coupled with cost segregation and bonus depreciation is the ninth wonder of the world
[08:15 - 17:18] Invest in Main Street America with Generational Wealth Through Opportunity Zones
- Opportunity Zones is still in effect until December 31st, 2026.
- Legislation is pending to extend the program out for two years till December 31st, 2028
- Investors can avail themselves of a 15% reduction in taxes if they invest for seven years before the expiration date
- Step up and basis to fair market value can be availed of up till December 31st, 2026
- Investors have 25 years from now to hold onto these assets and let them grow tax-free
- To get the step up and basis, investors need to transact with a third party or sell
[17:19 - 27:38] Salvaging Failed 1031 Exchanges with Opportunity Zones: A Powerful Distinguisher for Estate Planning
- Opportunity Zones do not require identifying opportunities before selling
- Investment can be in real estate, operating businesses, startups, or businesses outside of the zone
- Exchanges must identify opportunities before selling and applies toward a lifetime exemption amount
- Opportunity Zones apply whatever amount initially invested against the lifetime exemption amount
- Opportunity Zone Funds allow for the purchase of 95% of complete investment property
- Tax benefits include a step into original use and no depreciation recapture on the sale
[27:39 - 34:10] Closing Segment
- How Ashley learned the cyclicality of the gun business and what not to do
- Riches are in the niches - niche down and focus on the main thing
- Stay focused on the main thing and don't get distracted by shiny objects
Connect with Ashley Tison:
- Email: ashley@ozpros.com
- Website: www.OZPros.com/taylor/
Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/
Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.
Join our Passive Investor Club for access to passive commercial real estate investment opportunities.
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Quotes:
"Tax-free compound interest is the eighth wonder of the world. But cap coupling that in with cost
segregation and bonus depreciation is the ninth wonder of the world." - Ashley Tison
"It's not about the capital gain that you have now. It's about the capital gain that you anticipate having in the future." - Ashley Tison
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