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If the asset was purchased before an area receives an RC Zone designation does the 0-percent capital gains rate apply?

April 26, 2017area ASSET capital gains rate RC zone

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If the asset was purchased before an area receives an RC Zone designation does the 0-percent capital gains rate apply?

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No. The asset must be purchased after designation. If additional stock or partnership interests of an entity are purchased at original issuance after the RC Zone designation, these additional interests might qualify.