1992 Subaru Legacy TIMING

Sounds like the valve timing is set-its takes 720degs to complete the 4cycle stroke

Put the engine no.1 piston on its compression stroke/TDC -line all the sprockets then put belt/chain on.

Even if the valve and ignition timing is off it should have spark and fuel-do below to determine what's missing.

If the engine's condition is in tip top shape-do below to determine if its fuel or spark problem that's if its cranking over and refuses to start

Get a carb cleaner and spray into the carb or the throttle body on an EFI. Did it start and die? If not disconnect a sparkplug wire or 2 and ground it to the engine -have helper crank engine over-do you have a snapping blue spark? If so-you have a fuel problem, check the fuel pressure to rule out the fuel pump/pressure regulator and listen to the injector/s are they pulsing or hook up a noid light. No snapping blue spark continue to troubleshoot the ignition system-power input to the coil/coil,distributor pick-up coil, ignition control module, cam and crank sensors-

If both fuel and spark is present-check the valve and ignition timing, this will lead you to problems with compression and valves opening and closing at the wrong time