Tax bill creates new “Opportunity Zones”
Buy-and-hold investors will want to keep this on their radar. You can completely avoid paying capital gains taxes…as long as you hold the property for at least 10 years AND if the property is located in one of the future Opportunity Zones. No 1031 exchange required! This could be interesting… Of course, this program is brand new, so its details are fuzzy. A lot can happen in 10 years, but on the other hand, 10 years isn’t that long for long-term thinkers.
The Miss Amazon Pageant
Is it just me, or does the battle for Amazon’s next headquarters feel like a beauty pageant? Cities have gone all out to attract Amazon’s attention. Denver on the other hand, threw its hat in the ring without any incentives and still made the Top 20. It was like, “Sure, I’d like to win some scholarship money, but I’m not even sure if I want to go to college. I might just backpack through Europe for a while.” All the other contestants roll their eyes, yet Miss Colorado advances to the next round!
See you soon,
QUOTE OF THE WEEK
Read the full newsletter here: 2018.01.19 – Friday Flyer