A 12-month period from the date of distribution, sale or disposition. Certainly, other requirements must be met.
Ask A Question
What represents a “reasonable period” for a QOF to reinvest proceeds from a sale of qualifying assets?
What represents a “reasonable period” for a QOF to reinvest proceeds from a sale of qualifying assets?
Answers
180 days.
You have 12 months to do so.
I believe the regulations set this forth at one year. Note that sales not eligible for a step-up in basis will be taxed as normal.
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.