Average Opportunity Zone Investor Is Millionaire: Study (1)

April 14, 2021, 5:30 PMUpdated: April 14, 2021, 7:30 PM

The benefits of contentious opportunity zone tax breaks are going to people who, on average, are millionaires, and their money is flowing into a small concentration of areas that are better off than other designated zones, according to new research.

People with capital gains—profits from securities trades and sales of real estate and other assets—can delay taxes on those gains until 2026 by putting the money into “opportunity funds” that finance projects in nearly 8,800 chosen census tracts throughout the U.S. If they don’t take the money out for 10 years, the growth in value of the project financed by ...

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