You need to invest within 180 days of the sale of the stock, but take into account the extensions under Notice 2020-39.
Ask A Question
How can I qualify to defer paying tax on my capital gain from selling stock?
I have sold stock and now I want to invest half of the proceeds in OZs that would also be beneficial for my taxes. What are my options? How fast do I need to invest?
Answers
DISCLAIMER:the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal and financial experts prior to participating in any aspect relating to Opportunity Zones. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public; do not include confidential information in your question.