And I am purposely NOT going to go into every little nuance. If you want complication, just read the IRS Opportunity Zone Publication on the matter: https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions
By the way, I own real estate in Qualified Opportunity Zones, so I practice exactly what I preach.
But I do have to give the following lame disclosure before I start… that I am not giving you tax or legal advice in this training because I am not an attorney or a CPA. Before attempting the following, consult your tax advisor.