“Comparing 1031 Exchanges to Opportunity Zones (1031 v. 1400z-1 and 1400z-2)” by Stephanie Friese and Christopher Steele in The Georgia Society of Certified Public Accountants
In an article published on August 9, 2019 in The Georgia Society of Certified Public Accountants, Stephanie Friese and Christopher Steele discuss 1031 Like-Kind Exchanges and how they compare to Qualified Opportunity Zones (QOZs).
The article details how QOZs have become the latest craze in the real estate and tax worlds with the passage of the Tax Cuts and Jobs Act in 2017. However, Friese and Steele caution that QOZs are “not a perfect fit for every individual holding an unrecognized capital gain.” With any planning opportunity it is important for clients to discuss with their advisors and carefully consider the differences in QOZs and Like-Kind Exchanges and compare the benefits of each.