Wednesday, July 18th, 2018

Attention: The GO Zone deductibility period will end 2009

Investors all across the United States have expressed interest in GO Zone property and the potential benefits it creates financially, but there is a lot of confusion about when the GO Zone deductibility period will end.  Most GO Zone material portrays that the GO Zone will allow for deductions to the end of 2010.  This is NOT true; actually, any expenditure on a GO Zone property made in 2010 will not qualify for the GO Zone 50% bonus depreciation deduction!  This means all expenditures must be paid for by 31 December 2009.  The legislation is pages and pages long, but has 1 line that expresses this approaching deadline.  This does not leave investors a lot of time to find a great property that qualifies for the GO Zone 50% bonus depreciation.

The end of 2009 date was confirmed by John (GO Zone Gateway tax adviser), via a direct conversation with the IRS.

As an investor, you should be seeking a cash-flowing investment that is already built, or in construction.  We have spoken to over 50 GO Zone ‘developers’ and very few of them actually have their act together, most are just trying to make a quick buck.  A great example of this are the significant amount of investors that tried to invest in property in Alabama, but didn’t close on their investment before the end of 2008 and thus will not qualify for the GO Zone benefits (AL benefits ended 2008).  We have also spoken to many investors who have been in contract waiting for their homes to close for well over a year, some up to almost 2 years.  If this has happened to you then you can be sure you aren’t investing with a team that has your best interest in mind.

The GO Zone Gateway team has taken the hard work out of finding a turn-key, cash- flowing GO Zone property.  We have conducted thousands of hours in due diligence and have laid the projects we recommend on a silver platter for investors to review.

You don’t have much time, so make sure you invest wisely and in the right project!  Call us now for a free one-on-one consultation.  561-404-7375