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Jared Kushner Selling Stake in Firm That Pursued Federal Tax Break nyti.ms/3aq4wQW
A few back up documents. Ivanka Trump has been a participant in the push to promote Opportunity Zones and Cadre, which Jared Kushner helped found and held a stake in, pushed into the area in a big way
As Jared exited his investment, he got what is known as a Certificate of Divestiture from the Office of Gov Ethics that allows him to defer any capital gains taxes on money he made on his holding in Cadre
We discussed this move by Cadre as part of our story on Opportunity Zones last year that examined how the tax benefit intended to help poor communities had become a bonanza for the rich, including friends/family of President Trump. With @JesseDrucker nytimes.com/2019/08/31/bus…
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