4Sight HEVA

4Sight HEVA

Opportunity Zone Investments

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Security Type
Membership Units
Categories
Real Estate
Location
BROOKLYN, NY
Expected Close Date
December 31, 2021
Target Raise
$1.07M
Security Price
$1
Website
4sight-heva.com
Number of Employees
3
Cash
$0
Revenue
$0
Short Term Debt
$3,500
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-13,500

Key Deal Facts

The Tax Cuts and Jobs Act of 2017 created a generous tax incentive program to promote economic and community development via the Opportunity Zone program.
Opportunity Zones are 8,764 low-income census tracts located in all 50 states and Puerto Rico that were selected by governors and subsequently certified by the U.S. Treasury.
Taxpayers with unrealized capital gains may achieve significant tax benefits, including temporary deferral, reduction and exemption, by realizing capital gains and deploying proceeds (i.e., the gain, not the cost basis) into a Qualified Opportunity Fund.
Taxpayers must invest all or a portion of realized capital gains into a Qualified Opportunity Fund within 180 days of the asset sale to take advantage of the program’s tax incentives.
Qualified Opportunity Funds must hold at least 90% of their assets in Opportunity Zones and develop or substantially re-develop real estate within specified timeframes.
Amount Raised : $0
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Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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