The Central IL Opportunity Fund offers attractive returns with tax incentives for investors who re-invest unrealized capital gains. Our projects are developed as long term holds to maximize the Ozone benefits.
We invest in a diversified portfolio of real estate projects in Central Illinois communities featuring:
Our investments include a mix of growth and income producing properties. Commercial buildings, multifamily, single family, subdivisions, and hundreds of acres of future development land.
Investor: Only capital gains. Timing -180 days. Rollover gain deferral and reduction. Post-acquisition gain exclusion
Qualified Opportunity Fund: Geography must lie within the Qualified Opportunity Zone (QOZ). Fund invests in QOZ property.
Qualified Property/Business: The Fund will own 70% of the qualified property.
Partial exclusion of tax on gain. Taxpayer's initial basis in investment is $0.
Year 5 Taxpayer's basis is increased by an amount equal to 10% of the rollover gain.
Year 7 Taxpayer's total basis increase is 15% of the amount of rollover gain.
Year 10 Taxpayer's total basis is the equal to the fair market value at the time of sale or exchange. At this time, taxpayer has already paid tax on rollover gain. This has the effect of excluding additional gain of investment from tax.
The Fund partners with Tabeling Development Company, LLC to develop, build, and manage new construction residential and commercial properties in Central Illinois. Contact us for more details about the Qualified Opportunity Fund.
Investors (individual or entity) receive tax benefits by making an equity investment in a QOF which will invest in areas designated as Qualified Opportunity Zones (QOZ).
Any gain treated as a capital gain (including net 1231 gain) generated from a sale with an unrelated party qualifies. Only the gain amount needs invested, not all proceeds and not all of the gain. Investors have 180 days from the sale or exchange in which to invest the gain in the Fund. If the gain flows through a partnership or Corp the shareholder generally has 180 days from the end of the entity's tax year (12/31 to the following 6/29). Taxpayer files Form 8949 for year taxpayer elects to defer gain.
*Prospective investors should consult their accountant related to any tax information.