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59 An office building owned by Gles was destroyed by Hurricane Belle on October 20, Year 2. Giles received settlement of his insurance claim for
59 An office building owned by Gles was destroyed by Hurricane Belle on October 20, Year 2. Giles received settlement of his insurance claim for the destruction of his building on January 5, Year 3. In order to qualify for nonrecognition of gain on this involuntary conversion, what is the last date for Giles to acquire qualified replacement property? ung Multiple Choice December 31, Year4 December 31, Year 5 January S, Year S October 20, Year
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