Good Financial Reads: Making Smart Investments (Part Two)
Are Qualified Opportunity Funds A Good Investments?
by Steven Geri, Denny Park Investments
Do you hold highly appreciated stock that you want to sell, but don’t want to pay the subsequent capital gains tax?
If so, there is a new investment option to consider. Investing in a Qualified Opportunity Fund (QOF) allows you to defer federal tax on your capital gains while freeing up the money you initially used to buy the stock (i.e., your cost basis) for other purposes.