You won't be taxed if you hold this investment for over 8 years. However, if you redeem it sooner, you'll face taxes on your gains.

If you sell within 12 months, the gains will be considered Short-Term Capital Gains and will be taxed at your regular income tax rate.

If you sell after 12 months but before the 8-year mark, the gains will be taxed as Long-Term Capital Gains.