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Texas investors are calling in a panic, convinced their opportunity zone investment vanishes when the program “expires” on December 31, 2026. It doesn’t. The 2018 tracts stay designated through 2028, and your ten-year clock keeps running. But three things do change on New Year’s Eve, and almost nobody is getting them right: new money into old zones stops qualifying, your deferred gain becomes taxable whether or not cash comes out of the fund, and Texas’s new opportunity zone map takes effect January 1, 2027. Daniel Goodwin explains what to worry about this fall, and what to stop worrying about.
