How are insurance payments for property that was destroyed, stolen, condemned or disposed of under threat of condemnation?

Group of answer choices

Gain or loss from an involuntary conversion of your property is usually recognized for tax purposes unless the property is your main home

You may not have to report a gain on an involuntary conversion if you receive property that is similar or related in service use

If you receive money or property that is not similar or related in service or use and buy replacement property within the required period of time, you can postpone reporting the gain

All are true