Some high-earning investors will soon owe taxes on years of deferred capital gains

President Donald Trump's "big beautiful bill," enacted last summer, made Opportunity Zones permanent. The legislation calls for new zones to be designated every 10 years, with the next round of nominations currently underway and set to take effect Jan. 1, 2027, according to the Economic Innovation Group, the think tank that hatched the idea for these funds. Instead of at least one of the tax benefits being based on the timing of an investment in the fund, all investors will be entitled to a five-year capital gains deferral, at which point they'd get a 10% step-up in basis."Permanency with both a five-year deferral and a 10% basis step-up available regardless of when investors make their investments provides investors with more certainty," Watkins said.Additionally, investing in funds…

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