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oyce, a farmer, has the following events occur during the tax year. Which of the events qualify as an involuntary conversion under 1033 (nonrecognition of
oyce, a farmer, has the following events occur during the tax year. Which of the events qualify as an involuntary conversion under 1033 (nonrecognition of gain from an involuntary conversion), a. Her farm tractor is hauled to the city dump because it is worn out. b. She sells 10 acres of pasture land at a loss of $40,000 because she has reduced the size of her dairy preparation for her retirement. e. Her personal residence, adjusted basis of S100,000, is condemn recovers condemnation proceeds of $175,000. ed to make way for an interstate highway. She d. She sells 10 acres of pasture land at a loss or $40.000 because she has reduced the size of her dairy herd due nd at a l to a rethuction rn la to a reduction in milk prices. e. None of the above
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