In terms of funds received in the sale of Qualified Opportunity Zone (QOZ) property, it's 12 months.
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What is considered a reasonable reinvestment period for a Qualified Opportunity Fund?
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The regulations define a "reasonable period of time to reinvest" (as used in Section 1400Z-2(e)(4)(B) of the Code) as 12 months. That is, proceeds that a Qualified Opportunity Fund (QOF) receives from a distribution on, or sale or other disposition of, Qualified Opportunity Zone Property (QOZP) must be reinvested within 12 months of such distribution, sale or other disposition (and not necessarily the date on which the proceeds are received, as in the case of an installment sale).
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