Another rarely discussed topic.
A client of mine is looking to buy a rental property that sits on the zone. it's a small project and my client and I think we can just follow IRS instruction to the T and handled it ourselves. Client is raising funds, maybe 750k to 1 million. The big question is "eligible investment".....I read the IRS FAQS and everything is about capital gain deferral. Can regular money invest into the zone as well and enjoy the tax benefit, specifically 10 years holding then zero tax. By regular money, I meant, after tax dollar like money from my savings account. It seems that only capital gain can be rolled over into the zone.
Thx in advance pros.