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17. Assume a forest fire destroyed Clara's mountain vacation retreat in May 2017. Clara's basis in the property is $125,000. The insurance company paid Clara

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17. Assume a forest fire destroyed Clara's mountain vacation retreat in May 2017. Clara's basis in the property is $125,000. The insurance company paid Clara $226,000 in July 2017 to rebuild, Clara decided not to rebuild in such a remote area and bought a vaca- tion home near a lake in November 2019 for $220,000. How should Clara treat the gain, if any, on this involuntary conversion

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