Sixty West Funds offers the ability to benefit from the Opportunity Zone program's tax incentives.
Defer tax on capital gains invested in Opportunity Zone Funds until December 31st, 2026.
Step-Up in Basis
Basis of the invested gains is increased by 10% if the investment is held at least 5 years and by an additional 5% if held for at least 7 years, thus excluding up to 15% of the original gain from taxation at 7 years.
Any appreciation on the invested gains while in the Qualified Opportunity Fund is excluded from taxable income if the investment is held for at least 10 years.