Opportunity Zone CPA in Utah for real tax benefits

What Are Opportunity Zones

Opportunity Zones are designated areas where investors can reinvest capital gains and receive federal tax benefits. Gibbons & Associates offers Opportunity Zone CPA guidance for Utah investors who want to defer capital gains and potentially achieve tax-free appreciation inside a Qualified Opportunity Fund. Led by Isaac, our team explains the rules in plain language and helps you decide if this incentive fits your goals.

How Opportunity Zone tax benefits work

When you roll a recent capital gain into a qualifying investment, you can defer recognizing that gain until a future due date. If requirements are met and the investment is held long enough, appreciation inside the fund can be excluded from tax. Our CPAs walk through timelines, the 180-day investment window, and documentation so your election is filed correctly and on time.

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Our Opportunity Zone services for Utah investors

We help confirm whether a property or project is in an Opportunity Zone, form or evaluate a Qualified Opportunity Fund, and coordinate filings like Form 8949 and Form 8997. Gibbons & Associates monitors working capital plans, substantial improvement requirements, and testing dates, keeping your investment on track and compliant from Logan to Salt Lake City and Ogden.

Who benefits from Opportunity Zones

Investors with large capital gains from selling real estate, a business, or appreciated stock often explore OZ rules to reduce near-term tax impact. Developers pursuing community projects in Utah counties can use OZ capital as part of a broader financing plan. If a significant sale is on the horizon, speak with our CPAs before you close so there is time to evaluate options.

Utah Opportunity Zones, local insight

Utah has zones in urban and rural communities, including parts of Salt Lake City, Ogden, and other areas along the Wasatch Front. Local knowledge matters. Our team understands how county-level development trends intersect with OZ requirements, which helps investors evaluate real opportunities rather than chasing tax breaks that do not fit the project.

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Questions about Opportunity Zones

  • How long do I have to invest my gain?

    Generally 180 days from the sale that created the gain, depending on the source of the gain.

  • Do I have to invest in a business or property?

    Investments are made through a Qualified Opportunity Fund that deploys capital into qualifying property or operating businesses in the zone.

  • What happens when deferral ends?

    The deferred gain becomes taxable at the end of the deferral period, and we plan ahead so there are no surprises.

  • Is this risk free?

    No. The project must stand on its own merits. We coordinate with your advisors to manage the tax rules while you evaluate investment risk.