Opportunity Zone Webinar –

$0.00

The first Webinar on Monday May 6th, 7 pm to 9 pm EST (it will be recorded) is free. The second Webinar (also recorded for those who cannot attend live) will be to answer questions that are sent in or asked live. It costs $50 and will be on Tuesday May 7th from 4 pm to 530 pm EST.

This is the FREE webinar with no Q&A session. To register for the Q&A Session, please click here

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Description

Join Tax Attorney John Hyre as he presents a 2-session webinar covering all you need to know about Opportunity Zones. The presentation will be geared towards small – medium real estate investors who want to have their own, private OZ “Fund” that qualifies for some exceptional tax benefits.

Why does it matter?
• If you invest in an OZ for ten years, rental properties and other investment real estate can be sold tax-free for the next 20 years

    o Unlike an IRA, you can still depreciate the property and take the tax write-offs personally. But when you sell, the sale is tax-free aka “no depreciation recapture”.
    o The properties need not be held for 10 years – just the LLC that owns them
    o The above example works with other assets, not just rentals

• The tax on the capital gains invested in OZ’s is deferred until 12/31/26. You still gotta pay it……but way later.
• Up to 15% of the tax on the capital gains invested in the OZ can be forgiven (and forgotten) if you hold the investment long enough
• You can convert, for example, stock into real estate in a very efficient manner
• Example: I invest $10,000 in capital gains from the sale of stock (or anything else that generates capital gains) in an LLC that qualifies as an Opportunity Zone “Fund”. The tax on the $10,000 is deferred until 12/31/26, and I really only pay tax on $8,500. For ten years, the LLC buys rental properties using debt – either from the outside, or that I loaned to the LLC. After ten years it owns ten qualifying rentals that I pumped for depreciation and other write-offs. I can then sell some or all of the rentals tax-free. Of I can keep growing the LLC, buying more rentals, and sell those tax-free. I can keep it doing until 12/31/47.

It can be done by a Mom & Pop outfit. In other words, you (or you and your spouse) can have your very own “Opportunity Zone Fund”. It’s not that hard.

And it’s not that expensive. I have seen law firms charging $6,000 to $12,000 to get this done. Absurd. We’ll talk about that too.

Bottom line: New regulations from the IRS make OZ investment much more certain and much more beneficial than was the case two weeks ago. We’ll walk you through it.
The first Webinar on Monday May 6th, 7 pm to 9 pm EST (it will be recorded) is free. The second Webinar (also recorded for those who cannot attend live) will be to answer questions that are sent in or asked live. It costs $50 and will be on Tuesday May 7th from 4 pm to 530 pm EST.

About John: John Hyre is a tax attorney and real estate investor out of Columbus, Ohio. Over 95% of his clients are real estate investors and he saves them millions annually. Prior to venturing out on his own, John worked for two of the Big Five accounting firms and for several Fortune 500 companies. For the last 16 years John has run a tax law practice. He has worked extensively with small businesses, real estate investors of all sizes, note investors and self-directed retirement accounts. He has prepared thousands of tax returns, helped thousands of clients with tax planning & tax reduction. John has successfully defended clients, including those with real estate tax and IRA issues, in audits and in Tax Court. John also invested in mobile home parks, low-income rentals and a few flips. He has written three home study courses and numerous articles and is a frequent speaker on the taxation of real estate, IRAs, and Solo 401ks.