The 180-day test begins at the time of the receipt of each of the payments. If the capital gain is generated in an entity, you have further time and the 180 day starts when the return is due.
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When must a gain from an installment sale be invested in a QOF?
Do I have any flexibility on this?
Answers
Installment sales have fabulous flexibility. For each installment, you may start the 180-day clock on the date of receipt or the last day of the taxable year of receipt.
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