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How can I as an investor of collectibles take advantage of the Opportunity Zone program?

What are my tax implications if I buy and sell collectibles? Is there something I can do to save on taxes?


Answers
  • Matthew Rappaport
    June 23, 2021

    You can defer collectibles gain into a Qualified Opportunity Fund (QOF). You'll just have collectibles gain when you recognize the deferred gain; you don't change the character of the capital gain through QOF investment.

  • David LeGrand
    June 23, 2021

    If you have a long term capital gain from sale of collectibles, you can defer the tax and benefit from investing the gain in an Opportunity Zone Fund.

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