Should I count from the day I receive boot or from the day I sold the relinquished property?
This has not been made clear, but I take the position that for 1031 exchanges, the 180-day period begins upon receipt of boot. It's more clear when the exchange crosses tax years due to the (j) regs under 1031, but it's less clear when the exchange occurs all in the same taxable year. But either way, my position has been that receipt of boot starts the QOZ timer, rather than sale of relinquished.
The 180 days start with the day you realized the gain.
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.