Question
Reba, a calendar year taxpayer, owns an office building that she uses in her business. The building is involuntarily converted on November 15, 2015. On
Reba, a calendar year taxpayer, owns an office building that she uses in her business. The building is involuntarily converted on November 15, 2015. On January 5, 2016, Reba receives enough proceeds to produce a realized gain. What is the latest date she can replace the building and qualify for section 1033 postponement treatment if the conversion event is:
A flood?
A condemnation?
A tornado?
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Statistical Models And Analysis In Auditing
Authors: National Research Council, Division On Engineering And Physical Sciences, And Applications Commission On Physical Sciences, Mathematics, Board On Mathematical Sciences, Committee On Applied And Theoretical Statistics, Panel On Nonstandard Mixtures Of Distributions
1st Edition
