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Question 59 of 75. To postpone casualty gain, the end of the replacement period is the last day of the tax year that is: Three

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Question 59 of 75. To postpone casualty gain, the end of the replacement period is the last day of the tax year that is: Three years after the date of the disaster. O Three years after any gain is realized. O Four years after the date of the disaster. O Four years after any gain is realized. Mark for follow up Question 60 of 75. Kyra Bernard's basis in investment-use land was $9,000. She received a gross condemnation award of $13,000. Her net condemnation award was $12,600. She purchased replacement property at a cost of $13,000. What is Kyra's basis in the replacement property? O $3,600 O $9,000 O $9.400 O $12,600

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