Realized 1031 Glossary of Terms

Phantom Gain

Written by The Realized Team | Jul 18, 2022 12:00:00 PM

For purposes of Qualified Opportunity Zone Program, if the taxpayer has not sold the qualified investment by December 31, 2026, the inclusion of the deferred gain may result in phantom gain at that time.

  In this case, the capital gains tax will be due.