Fortuitous Qualified Opportunity Fund
Opportunity Fund Timeline
Gains rolled into an OF within 180 days of sales
Tax on original gain is reduced by 10%
Tax on original gain is reduced by an additional 5% to 15%*
Deferred tax on original gain is due. Investor need to pay tax on 85% Original Capital Gains
Upon sale, no tax on post acquisition gains/OF interest
* Fortuitous Partners believes that through the use of depreciation and leverage, that an additional step-up in basis is likely.
Acquires stock or partnership interest of qualified OZ (the “SPE”), and the SPE uses investments to acquire and improve the property.