The Opportunity Zone tax benefits are not static — they've changed significantly around 2026, and understanding what changed is essential to planning correctly. The original program (OZ 1.0, created by the 2017 Tax Cuts and Jobs Act) had a built-in benefit schedule with a fixed December 31, 2026 deferred-gain recognition date and expiring basis step-ups. Then the 2025 One Big Beautiful Bill Act (OBBBA, signed July 4, 2025 — widely called 'OZ 2.0') made the program permanent, introduced a rolling deferral for new investments, and launched a new cycle of zone designations. So the benefits available today differ from what earlier investors received, and they're still being implemented. This guide explains the original benefit schedule, the 2026 gain-recognition deadline, the legislative updates and OZ 2.0, what changed for new investors, and how to plan now. Because the rules are time-sensitive and evolving, verify the current law with your tax advisor — this is educational information, not tax advice.
The original OZ benefit schedule
The original Opportunity Zone program (OZ 1.0) offered three tax benefits on a defined schedule. First, deferral — you could defer tax on a capital gain reinvested into a Qualified Opportunity Fund (QOF) until a fixed recognition date. Second, a partial reduction of that deferred gain through basis step-ups — a 5-year hold earned a 10% step-up and a 7-year hold earned an additional 5% (15% total), reducing the gain ultimately taxed. Third, the marquee 10-year exclusion — holding the QOF 10+ years made the new investment's appreciation tax-free.
The catch was timing. Because the deferred gain had to be recognized by December 31, 2026, the 7-year step-up required investing by the end of 2019, and the 5-year step-up required investing by the end of 2021. So those step-up windows closed years before the program's other deadlines — investors who came later could no longer earn the 5% or 10% reductions, leaving only deferral and the 10-year exclusion.
So the original benefit schedule rewarded early investors with the full stack (deferral, step-ups, exclusion) and later investors with a reduced set (deferral and exclusion only). So the original OZ benefit schedule comprised deferral of the original gain, partial reduction through 5- and 7-year basis step-ups (10% and 15%, with windows that closed in 2019 and 2021), and the 10-year tax-free exclusion of the new investment's appreciation — a time-bound schedule keyed to the December 31, 2026 recognition date. Early investors captured more. Understanding it frames what changed. The original OZ schedule (deferral, expiring 5/7-year step-ups, and the 10-year exclusion) was keyed to a December 31, 2026 recognition date, and the step-up windows had already closed.
The original program's basis step-ups were never permanent fixtures — they were tied to a fixed 2026 recognition date, so their windows quietly closed years before the program itself was overhauled.
The 2026 gain-recognition deadline
A defining feature of OZ 1.0 is the fixed December 31, 2026 deferred-gain recognition date. Every investor who deferred a gain under the original program recognizes that deferred original gain on December 31, 2026 — regardless of when they invested — and owes the tax for the 2026 tax year (payable when filing for 2026). So this is not a rolling date; it's a single, fixed inclusion event built into the statute.
This deadline matters in two ways. First, OZ 1.0 investors face a near-term tax bill on their deferred original gain at the end of 2026, so they should plan the liability with their CPA and ensure funds are available to pay it. Second, the deadline drove the program's other timing — the step-up windows and the urgency of the original incentive all flowed from this fixed date.
Importantly, recognizing the deferred original gain does not affect the separate 10-year exclusion on the new investment's appreciation — that benefit runs from your investment date and remains available if you hold long enough. So the 2026 gain-recognition deadline — the fixed December 31, 2026 date on which OZ 1.0 deferred original gains are recognized and taxed, regardless of investment date, producing a near-term tax bill that investors should plan for — is a defining, imminent feature of the original program. It does not eliminate the 10-year exclusion on the new investment. Understanding it shows the original program's key deadline. OZ 1.0 deferred gains are recognized on the fixed December 31, 2026 date (a near-term tax bill), separate from the still-available 10-year exclusion on the new investment's appreciation.
Legislative updates & 'OZ 2.0'
The 2025 One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, fundamentally reshaped the program — the changes are widely called 'OZ 2.0.' Most significantly, it made the Opportunity Zone incentive permanent, eliminating the prior sunset and establishing a recurring (roughly decennial) cycle of zone designations. So instead of a one-time, temporary incentive, OZ is now a lasting feature of the tax code.
OZ 2.0 also changed the deferral mechanics for future investments. For investments made after December 31, 2026, the deferral becomes a rolling 5 years from the investment date (the deferred gain is recognized 5 years after investing, or upon an earlier inclusion event) — replacing the single fixed 2026 date that applied under OZ 1.0. The legislation also launched a new zone-designation cycle: governors nominate tracts from mid-2026, a new map takes effect January 1, 2027, the current map runs through the end of 2028 (an overlap period), and redesignations recur roughly every decade.
The 10-year exclusion — the program's marquee benefit — was preserved under OZ 2.0, while the OZ 1.0 5- and 7-year basis step-ups had already expired. So the legislative updates made the program permanent, introduced a rolling 5-year deferral for new investments, and launched a new zone map. So 'OZ 2.0' — the 2025 OBBBA making the program permanent, replacing the fixed 2026 recognition date with a rolling 5-year deferral for post-2026 investments, launching a new zone-designation cycle (new map January 1, 2027, current map through 2028), and preserving the 10-year exclusion — is a major overhaul still being implemented. Understanding it shows the new framework. OZ 2.0 (the 2025 OBBBA) made the program permanent, added a rolling 5-year deferral for post-2026 investments, launched a new zone map, and preserved the 10-year exclusion.
The biggest change isn't a new deduction — it's permanence. The Opportunity Zone incentive went from a sunsetting experiment to a standing feature of the tax code, with zones refreshed on a recurring cycle.
What changed for new investors
For investors considering an OZ investment today, several practical things have changed. The deferral clock is different — a new investment made after December 31, 2026 generally follows the rolling 5-year deferral rather than the old fixed 2026 date, so you'll plan for the deferred gain's recognition about 5 years out rather than at a single statutory deadline. The zones may be different — the new map (effective January 1, 2027) introduces an updated set of designated tracts, so the specific locations eligible for investment are transitioning.
The step-ups are gone — the 5% and 10% basis reductions that early OZ 1.0 investors earned are no longer available (their windows closed), so the deferral now postpones the full gain (no partial reduction) until the rolling recognition date. The marquee benefit endures — the 10-year exclusion on the new investment's appreciation remains the centerpiece, and the program's permanence means you no longer race against a looming sunset to access it.
So new investors benefit from a permanent program and the preserved 10-year exclusion, but operate under a rolling deferral (not a fixed date) and a transitioning zone map, without the expired step-ups. So what changed for new investors — a rolling 5-year deferral replacing the fixed 2026 date, a new zone map (effective January 1, 2027) transitioning the eligible locations, the loss of the expired 5/7-year step-ups, and the preservation of the 10-year exclusion within a now-permanent program — reshapes the practical planning, even as the core 10-year benefit endures. Understanding it shows today's investor reality. New investors get a permanent program and the 10-year exclusion, but face a rolling 5-year deferral, a transitioning zone map, and no step-ups.
Because these mechanics are still being implemented through regulations, the precise treatment of investments made near the end-of-2026 boundary can be technical, so confirm your specifics with your CPA before acting.
- OZ 1.0's fixed December 31, 2026 recognition date produces a near-term tax bill on deferred original gains — plan the liability with your CPA.
- The 2025 OBBBA ('OZ 2.0') made the program permanent and introduced a rolling 5-year deferral for investments after December 31, 2026.
- The 5- and 7-year basis step-ups have expired (windows closed), but the 10-year tax-free exclusion is preserved.
- A new zone map takes effect January 1, 2027 (current map through 2028) — and because the rules are still being implemented, verify the current law with your tax advisor.
Planning under current rules
Planning under the current rules starts with knowing which framework applies to you. If you deferred a gain under OZ 1.0, plan for the December 31, 2026 recognition of that original gain (budget the tax) while continuing to hold your QOF toward the 10-year exclusion. If you're investing new capital, understand that you'll likely operate under OZ 2.0's rolling 5-year deferral and the new zone map, so map your 180-day window, your expected recognition date, and your 10-year horizon accordingly.
Because the program is transitioning, verify the current zone designations (the eligible locations are changing), confirm the deferral timing for your investment date, and coordinate the tax planning with your CPA — especially for investments near the end-of-2026 boundary, where the version that applies can be technical. And because regulations are still being issued, rely on authoritative, current sources rather than older guidance.
Above all, evaluate any OZ investment first on its merits (the project, sponsor, and location), with the tax benefits as an enhancement — the changes to the schedule don't alter the principle that the investment must perform. So planning under the current rules — identifying your framework (OZ 1.0 recognition vs. OZ 2.0 rolling deferral), verifying the current zones, mapping your deadlines, coordinating with your CPA on the transition mechanics, and relying on current authoritative sources — lets you act correctly amid the evolving program. Verify before acting. Understanding how to plan now shows how to navigate the changes. Plan under current rules by identifying your framework, verifying current zones, mapping your deadlines, and coordinating with your CPA — and always verify the current law, since the rules are still being implemented.
Why the changes matter for your taxes
The changes matter because they affect the timing and the magnitude of your OZ tax outcomes. The shift from a fixed 2026 date to a rolling 5-year deferral changes when you'll owe tax on a deferred gain — an individualized horizon rather than a single statutory cliff — which affects your cash-flow planning and the value of the deferral. The loss of the step-ups means the deferral now postpones the full gain (no 10% or 15% reduction), so the headline benefit for new investors is squarely the deferral plus the 10-year exclusion.
The permanence matters too: with no looming sunset, you no longer have to rush to invest before a program expiration, and the recurring zone cycle means new locations will periodically become eligible. That said, permanence doesn't mean the rules can't evolve again — tax-law-based benefits always carry some change risk, and the current rules are still being implemented through regulations.
So the practical upshot is that the OZ strategy remains powerful (deferral plus a preserved 10-year exclusion) but operates on a different timeline and benefit set than it did for early adopters. So why the changes matter — the rolling deferral altering when you owe tax, the expired step-ups concentrating the benefit on deferral plus the 10-year exclusion, and the permanence removing the sunset while introducing recurring zones — is that they reshape the timing and magnitude of your OZ tax outcomes, even as the core strategy endures. Verify the current law. Understanding why they matter shows the planning stakes. The changes reshape when you owe tax (rolling deferral), the benefit set (no step-ups, preserved exclusion), and the program's permanence — so plan to today's rules, not yesterday's.
How Baker 1031 helps you navigate the changes
Baker 1031 Investments helps investors understand how the Opportunity Zone tax benefits changed around 2026 — the original benefit schedule, the December 31, 2026 recognition deadline, the 2025 OZ 2.0 legislation, what's different for new investors, and how to plan under the current, evolving rules — so you act on accurate, current information rather than outdated assumptions.
QOF interests and related securities are offered through the broker-dealer, Aurora Securities, Inc. (member FINRA/SIPC), and any recommendation follows a suitability review (OZ investments are typically suitable for accredited investors). Baker 1031 does not provide tax or legal advice — your CPA and attorney handle the recognition-date tax, the version that applies to your situation, and the technical transition mechanics, which are time-sensitive and evolving. We help you understand the changed landscape and, if suitable, access well-vetted funds within the current rules, coordinating with your tax professionals. We emphasize verifying the current law, given the ongoing implementation. Our role is to help you navigate the post-2026 OZ landscape — the permanent program, the rolling deferral, the preserved 10-year exclusion, and the new zones — so your planning reflects today's rules, not yesterday's. The benefits remain compelling, and we help you capture them correctly under the current framework.
Frequently Asked Questions
What changed about the Opportunity Zone tax benefits after 2026?
Two big shifts. First, the original program's (OZ 1.0) fixed December 31, 2026 deferred-gain recognition date arrived, so investors who deferred gains under it recognize and pay tax on those original gains for 2026. Second, the 2025 One Big Beautiful Bill Act (OBBBA, signed July 4, 2025 — 'OZ 2.0') made the program permanent, replaced the fixed recognition date with a rolling 5-year deferral for investments after December 31, 2026, launched a new zone-designation cycle (new map effective January 1, 2027, current map through 2028), and preserved the 10-year exclusion. The OZ 1.0 5- and 7-year basis step-ups had already expired. So the benefits today differ from the early program — a permanent incentive, a rolling deferral, transitioning zones, and the preserved 10-year exclusion. The rules are still being implemented, so verify the current law with your tax advisor.
What was the original OZ benefit schedule?
The original program (OZ 1.0, from the 2017 Tax Cuts and Jobs Act) offered three benefits: (1) deferral of tax on a capital gain reinvested into a QOF until a fixed recognition date; (2) a partial reduction of that deferred gain via basis step-ups — 10% for a 5-year hold and an additional 5% (15% total) for a 7-year hold; and (3) the 10-year exclusion, making the new investment's appreciation tax-free after a 10+ year hold. Because the deferred gain had to be recognized by December 31, 2026, the 7-year step-up required investing by end-2019 and the 5-year step-up by end-2021 — so those windows closed years ago. Early investors captured the full stack; later investors got deferral and the 10-year exclusion only. So the original schedule was time-bound and keyed to the 2026 recognition date. Verify the current rules, as the program has since changed.
Why is December 31, 2026 such an important date?
Under the original program (OZ 1.0), December 31, 2026 is the fixed date on which all deferred original gains are recognized and taxed — regardless of when the investor made the OZ investment. So every OZ 1.0 investor who deferred a gain owes the tax on that original deferred gain for the 2026 tax year (payable when filing for 2026). It's a single statutory inclusion event, not a rolling date. This matters because it produces a near-term tax bill that investors should plan for (ensure funds are available), and because it drove the program's other timing (including when the step-up windows closed). Importantly, recognizing the deferred original gain does not eliminate the separate 10-year exclusion on the new investment's appreciation, which runs from your investment date. So budget for the December 31, 2026 recognition of your deferred OZ 1.0 gain, and consult your CPA to plan the liability.
What is 'OZ 2.0'?
'OZ 2.0' is the informal name for the Opportunity Zone changes in the 2025 One Big Beautiful Bill Act (OBBBA), signed July 4, 2025. It made the OZ incentive permanent (eliminating the prior sunset), established a recurring (roughly decennial) cycle of zone designations, introduced a rolling 5-year deferral for investments made after December 31, 2026 (replacing the single fixed 2026 recognition date), and launched a new zone map (effective January 1, 2027, with the current map running through 2028). It preserved the marquee 10-year exclusion. So OZ 2.0 transformed the program from a temporary, sunsetting incentive into a permanent feature with new deferral mechanics and a refreshed set of zones. Because the rules are still being implemented through regulations, the precise treatment of certain situations is technical — verify the current law with your tax advisor before acting. OZ 2.0 is a major overhaul of the program's structure.
Are the 5-year and 7-year basis step-ups still available?
No — the 5-year (10%) and 7-year (15% total) basis step-ups from the original program (OZ 1.0) have expired, because they were tied to the fixed December 31, 2026 recognition date. To earn the 7-year step-up, an investor had to invest by the end of 2019; for the 5-year step-up, by the end of 2021. Those windows closed years ago, so investors who came later (and any investing now) cannot earn those partial reductions. As a result, the deferral now postpones the full deferred gain (no 10% or 15% reduction) until the applicable recognition date. The marquee 10-year exclusion, however, remains available and was preserved under OZ 2.0. So the step-ups are gone, but the most powerful benefit — the tax-free treatment of the new investment's appreciation after a 10-year hold — endures. Verify the current rules with your tax advisor, as the program is evolving.
How does the rolling 5-year deferral work?
Under OZ 2.0, for investments made after December 31, 2026, the deferral of your original capital gain runs for a rolling 5 years from your investment date — the deferred gain is recognized (and taxed) 5 years after you invest, or upon an earlier inclusion event (such as selling your QOF interest before then). This replaces the single fixed December 31, 2026 recognition date that applied under OZ 1.0, giving each investor an individualized recognition horizon rather than a common statutory cliff. So if you invest new capital under the post-2026 framework, you'll plan to recognize the deferred original gain about 5 years out. The separate 10-year exclusion on the new investment's appreciation is unaffected and still requires a 10+ year hold from your investment date. Because the mechanics are still being implemented, confirm the timing for your specific investment with your CPA, as the rules are evolving.
Is the 10-year exclusion still available?
Yes — the 10-year exclusion, the program's marquee benefit, was preserved under the 2025 OZ 2.0 legislation. If you hold your QOF investment for at least 10 years, you can elect to step up your basis to fair market value at sale, making the OZ investment's appreciation effectively tax-free. This benefit applies to the new investment's appreciation, not to the original deferred gain (which is recognized at its applicable date — December 31, 2026 for OZ 1.0, or the rolling 5-year date for OZ 2.0). The permanence of the program under OZ 2.0 supports the continued availability of the exclusion, and your 10-year clock runs from your investment date. So the exclusion endures as the centerpiece of OZ investing. Given the transition, confirm the specifics (including any election timing) with your CPA, and verify the current rules, since the program is still being implemented.
What's the new Opportunity Zone map timeline?
Under the permanent program (OZ 2.0), a new cycle of zone designations is underway. Governors nominate new tracts from mid-2026, Treasury certifies them, and the new map takes effect January 1, 2027, lasting roughly 10 years (with decennial redesignations thereafter). The current map remains in effect through the end of 2028, overlapping the new map for a transition period. So the eligible locations are transitioning, and when researching or investing you should confirm which tracts are designated for your timeframe on the current, authoritative map. The recurring designation cycle is a notable change from OZ 1.0's one-time designations. Because the transition is technical and the rules are still being implemented, verify the current zone designations with authoritative sources (Treasury, the CDFI Fund, HUD) and your advisors before acting. The new-map timeline is a key part of what changed under OZ 2.0.
I invested under OZ 1.0 — what should I do now?
Two things. First, plan for the December 31, 2026 recognition of your deferred original gain — you'll owe the tax on that gain for the 2026 tax year (payable when you file for 2026), so coordinate with your CPA to budget the liability and ensure funds are available. Second, continue holding your QOF toward the 10-year mark to capture the tax-free exclusion on the new investment's appreciation, which is separate from and unaffected by the recognition of the original gain. Your 10-year clock runs from your investment date. So an OZ 1.0 investor should prepare for the near-term tax on the original gain while staying the course toward the 10-year exclusion. Given the program's transition and ongoing implementation, verify the current rules and any election timing with your CPA. Baker 1031 can help you understand the landscape, while your tax professional handles your specific tax planning.
Does recognizing my deferred gain in 2026 affect the 10-year exclusion?
No — these are two separate things. Recognizing your deferred original gain (on December 31, 2026 for OZ 1.0) means you pay tax on the gain you originally deferred when you invested. The 10-year exclusion is a distinct benefit that applies to the new OZ investment's appreciation — the growth that accrues after you invest — and it becomes available after a 10+ year hold from your investment date. So paying tax on the original gain at the recognition date does not consume, reduce, or eliminate the 10-year exclusion on the new investment's appreciation; you continue holding toward the 10-year mark to capture it. Many investors find this reassuring: the near-term tax bill on the original gain and the long-term tax-free treatment of the new appreciation are independent. So continue your hold toward the exclusion, and plan the recognition-date tax separately with your CPA. Verify the current rules, since the program is evolving.
Should I wait until 2027 to invest to get OZ 2.0 rules?
That depends on your specific situation, and it's a question for your tax advisor — not a blanket rule. The timing of your investment relative to the end-of-2026 boundary affects which framework applies (the fixed 2026 recognition date under OZ 1.0, or the rolling 5-year deferral under OZ 2.0), the zone map (current vs. new), and the technical transition mechanics. But the most important driver is usually your gain's 180-day window and the quality of the available investment, not which rule set applies. Forcing your timing solely to land under one version can mean missing your investment deadline or a strong opportunity. So don't let the version drive a poor timing decision — evaluate the investment, your deadline, and the tax implications together with your CPA. Because the transition mechanics are technical and still being implemented, confirm the specifics for your timeframe with your tax advisor before deciding.
Is the Opportunity Zone program now permanent?
Yes — the 2025 One Big Beautiful Bill Act (OBBBA, 'OZ 2.0') made the Opportunity Zone incentive permanent, eliminating the prior sunset that loomed over the original program. It established a recurring (roughly decennial) cycle of zone designations, so the program is now a lasting feature of the tax code rather than a one-time, temporary experiment. This permanence means you no longer race against a program expiration to invest, and new zones will periodically become eligible. That said, permanence doesn't mean the rules are frozen — tax-law-based benefits always carry some change risk, future legislation or regulation could modify details, and the current rules are still being implemented. So while the core incentive is now permanent, you should still verify the current law before acting, as the program continues to be refined through regulation. The shift from sunsetting to permanent is one of the most significant changes under OZ 2.0.
Why do the changes matter for my taxes?
They affect the timing and magnitude of your OZ tax outcomes. The shift from a fixed 2026 recognition date to a rolling 5-year deferral changes when you'll owe tax on a deferred gain (an individualized horizon rather than a single cliff), which affects your cash-flow planning. The expired step-ups mean the deferral now postpones the full gain (no 10% or 15% reduction), so the headline benefit for new investors is deferral plus the 10-year exclusion. The permanence removes the rush to beat a sunset and introduces recurring new zones. Together, these reshape your planning even though the core strategy — deferral plus a preserved 10-year exclusion — endures. So plan to today's rules, not the early program's. Because the rules are still being implemented and tax-law benefits can evolve, verify the current law with your tax advisor and run your own numbers before relying on any specific outcome.
Where can I find authoritative information on the current OZ rules?
For current, authoritative information, consult the IRS Opportunity Zones pages and FAQ, the statute itself (26 U.S. Code § 1400Z-2 via Cornell's Legal Information Institute), Treasury and the CDFI Fund for zone designations, and HUD for program updates. For analysis of the OZ 2.0 changes, the Economic Innovation Group provides accessible summaries. Because the program was recently overhauled and is still being implemented through regulations, rely on current sources rather than older articles that may describe the superseded OZ 1.0 framework. And work with knowledgeable professionals — your CPA and attorney — who track the program and can apply the current rules to your situation. So verify the current rules via authoritative sources and professionals before acting. The references at the end of this article link to several of these sources. Given the evolving rules, confirm anything time-sensitive with your tax advisor.
How does Baker 1031 help me navigate the changes?
We help you understand how the Opportunity Zone tax benefits changed around 2026 — the original benefit schedule, the December 31, 2026 recognition deadline, the 2025 OZ 2.0 legislation, what's different for new investors, and how to plan under the current, evolving rules — so you act on accurate, current information. QOF interests are offered through the broker-dealer, Aurora Securities, Inc. (member FINRA/SIPC), and any recommendation follows a suitability review (OZ investments are typically suitable for accredited investors). Baker 1031 does not provide tax or legal advice — your CPA and attorney handle the recognition-date tax, the version that applies, and the technical transition mechanics. We help you understand the changed landscape and, if suitable, access well-vetted funds within the current rules, coordinating with your tax professionals. We emphasize verifying the current law, given the ongoing implementation, so your planning reflects today's rules, not yesterday's.
Glossary
- OZ 1.0
- The original program from the 2017 Tax Cuts and Jobs Act.
- OZ 2.0
- The 2025 OBBBA changes making the program permanent.
- OBBBA
- The One Big Beautiful Bill Act (signed July 4, 2025).
- Deferral
- Postponing tax on a reinvested capital gain.
- Recognition Date
- When the deferred original gain is taxed.
- December 31, 2026
- OZ 1.0's fixed deferred-gain recognition date.
- Rolling 5-Year Deferral
- OZ 2.0's recognition timing for post-2026 investments.
- 5-Year Step-Up
- An expired 10% basis reduction (window closed 2021).
- 7-Year Step-Up
- An expired 15% total basis reduction (window closed 2019).
- 10-Year Exclusion
- Tax-free appreciation after a 10+ year hold (preserved).
- QOF
- A Qualified Opportunity Fund holding OZ investments.
- Permanence
- OZ 2.0 making the program a lasting feature.
- New Map (2027)
- The permanent program's zone map, effective January 1, 2027.
- Overlap Period
- Current map through 2028, overlapping the new map.
- Inclusion Event
- An event triggering early gain recognition.
- Suitability Review
- Aurora Securities' review before any recommendation.
Sources & References
- IRS. Opportunity Zones Frequently Asked Questions
- Economic Innovation Group. Opportunity Zones 2.0: Where Things Stand After the One Big Beautiful Bill Act
- Cornell Legal Information Institute. 26 U.S. Code § 1400Z-2 — Special rules for capital gains invested in opportunity zones
- IRS. Opportunity Zones
Disclosures
This article is published by Baker 1031 Investments, LLC for general educational purposes for accredited investors and is not an offer to sell or a solicitation of an offer to buy any security, nor is it tax, legal, accounting, or investment advice or a recommendation. Any securities offering is made solely through a sponsor’s private placement memorandum (PPM) following a suitability determination. Securities offered through Aurora Securities, Inc. (ASI), member FINRA / SIPC; Baker 1031 Investments is independent of ASI.
Oil & gas mineral and royalty interests and DST programs are speculative, illiquid securities sold only to verified accredited investors and involve substantial risk, including possible loss of principal, commodity-price and production-decline risk, lack of control, and the risk that an intended 1031 exchange fails to qualify for tax deferral. Whether a particular interest qualifies as like-kind real property is a fact-specific legal determination that varies by state and by the terms of the instrument. Tax results depend on your individual circumstances. Consult your own CPA and attorney before acting. Past performance does not guarantee future results.
