One strategy that may be worth considering is the use of Qualified Opportunity Zones (QOZs). Fundamentals of Qualified Opportunity ZonesAt a high level, taxpayers are permitted to reinvest eligible gains into a Qualified Opportunity Fund (QOF), which then deploys this capital into investments within the approved zones. What business owners should know before investing in a Qualified Opportunity ZoneWhile the tax incentives outlined above are compelling, Qualified Opportunity Zones are complex and require careful planning. It is important to work with qualified tax professionals who are familiar with tax law in your state of residence. While the associated tax impact can be meaningful, strategies such as Qualified Opportunity Zones may offer a way to reduce that burden while providing an opportunity to reinvest capital for future growth.