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EIN

QOF Name: Belpointe PREP, LLC

EIN: 84-4412083


To make a capital gains deferral election eligible taxpayers must file IRS Form 8949 (Sales and Other Dispositions of Capital Assets), which will need to be attached to their U.S. federal income tax returns for the taxable year in which the capital gain would have been recognized had it not been deferred.


In addition, Form 8997 (Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments) requires eligible taxpayers holding a qualified opportunity fund investment at any point during the tax year to report:


(i) qualified opportunity fund investments holdings at the beginning and end of the tax year;


(ii) current tax year capital gains deferred by investing in a qualified opportunity fund; and


(iii) qualified opportunity fund investments disposed of during the tax year.

You are urged to consult with your own tax advisors regarding:


(i) procedures you will need to follow to defer capital gains through investing in a qualified opportunity fund;


(ii) tax consequences of purchasing, owning or disposing of our Class A units, including the federal, state and local tax consequences of investing capital gains in our Class A units;


(iii) tax consequences associated with our election to qualify as a partnership for U.S. federal income tax purposes and our election to qualify as a qualified opportunity fund; and


(iv) tax consequences associated with potential changes in the interpretation of existing tax laws or the adoption of new laws or regulations.

QOF Name: Belpointe PREP, LLC

EIN: 84-4412083


To make a capital gains deferral election eligible taxpayers must file IRS Form 8949 (Sales and Other Dispositions of Capital Assets), which will need to be attached to their U.S. federal income tax returns for the taxable year in which the capital gain would have been recognized had it not been deferred.


In addition, Form 8997 (Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments) requires eligible taxpayers holding a qualified opportunity fund investment at any point during the tax year to report:


(i) qualified opportunity fund investments holdings at the beginning and end of the tax year;


(ii) current tax year capital gains deferred by investing in a qualified opportunity fund; and


(iii) qualified opportunity fund investments disposed of during the tax year.

You are urged to consult with your own tax advisors regarding:


(i) procedures you will need to follow to defer capital gains through investing in a qualified opportunity fund;


(ii) tax consequences of purchasing, owning or disposing of our Class A units, including the federal, state and local tax consequences of investing capital gains in our Class A units;


(iii) tax consequences associated with our election to qualify as a partnership for U.S. federal income tax purposes and our election to qualify as a qualified opportunity fund; and


(iv) tax consequences associated with potential changes in the interpretation of existing tax laws or the adoption of new laws or regulations.

Contact Us

Call or email us if you have any questions.

Email

IR@belpointeoz.com

Phone

203 883 1944

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The information contained in this website is for illustrative, educational and informational purposes only and is subject to change. Nothing contained in this website is or should be construed as an offer to sell or the solicitation of an offer to buy any securities. Offers may only be made by means of a prospectus.

Belpointe PREP, LLC (“Belpointe OZ”) has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offer and sale of Class A units representing limited liability interests in Belpointe OZ. You should read Belpointe OZ’s most recent prospectus and the other documents that it has filed with the SEC for more complete information about Belpointe OZ and the offering.

Investing in Belpointe OZ’s Class A units involves a high degree of risk, including a complete loss of investment. Prior to making an investment decision, you should carefully consider Belpointe OZ’s investment objectives and strategy, risk factors, fees and expenses and any tax consequences that may results from an investment in Belpointe OZ’s Class A units. To view Belpointe OZ’s most recent prospectus containing this and other important information visit www.sec.gov. Alternatively, you may request Belpointe OZ send you the prospectus by calling (203) 883-1944 or emailing claidlaw@belpointe.com. Read the prospectus in its entirety before making an investment decision.

Neither Belpointe OZ nor any of its affiliates provide investment or tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should consult their own tax advisers concerning the U.S. federal, state and local income tax consequences, as well as any tax consequences under the laws of any other taxing jurisdiction, in relation to their personal tax circumstances, which may vary for prospective investors in different tax situations.

Past performance is not an indicator or a guarantee of future performance. The price of Belpointe OZ’s Class A units will fluctuate in market value and may trade above or below net asset value. Brokerage commissions and expenses will reduce returns.

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