A new feature of the tax bill are the new opportunity zones.
Each zone has been designated by there respective state. The idea will be to spur investment in areas that are in the most need in each area.
The general idea is to defer taxes on capital gains until December 2026
A general example is on a one million dollar gain you can invest the entire 1,000,000 in a opportunity zone. You would then owe $202k in Dec of 2026 instead of paying $238k today. With the added benefit of not owing any capital gains in the appreciation on your investment as long as its held until at least 2028.
This lets people take there gains in the market and reinvest in a opportunity zone in a similar way that we can use a 1031 tax deferred exchange on farm sales. I was just exited to show the positive potential of these new tax rules.