Dirty Money: Slumlord Millionaire (2020)
Season 2, Episode 3
8/10
Why is there no mention
14 March 2020
Why is there no mention of Jared's involvement in 'Opportunity Zones'? Tat part of the story is very important. "An Opportunity Zone is a designation created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages. The purpose of this program is to put capital to work that would otherwise be locked up due to the asset holder's unwillingness to trigger a capital gains tax." Jared got large incentives to build in these areas and is not doing any upkeep on these buildings. They're falling apart and tenant's are left alone to pay for anything that goes wrong,
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