The capital gains changes reach money invested after December 31, 2026
What the document says“Except as otherwise provided in this paragraph, the amendments made by this subsection shall apply to amounts invested in qualified opportunity funds after December 31, 2026.”
The section applies the capital gains changes to amounts invested in qualified opportunity funds after December 31, 2026, applies the acquisition date changes to property acquired after that date, makes the rural improvement change effective on enactment, and applies the reporting changes to taxable years beginning after enactment.
What the document actually says“Except as otherwise provided in this paragraph, the amendments made by this subsection shall apply to amounts invested in qualified opportunity funds after December 31, 2026.”
The changes reach money put into these funds after December 31, 2026. Some parts start sooner.
The rural improvement change starts at once. The reporting rules start with the next tax year. Each date is fixed in the law.
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