Teresa's manufacturing plant is destroyed by fire. The plant has an adjusted basis of $270,000, and Teresa receives insurance proceeds of $410,000 for the loss. Teresa reinvests $420,000 in a replacement plant within 2 years of receiving the insurance proceeds.

Calculate Teresa's recognized gain if she elects to utilize the involuntary conversion provision.

(I did 420,000-410,000=-10,000 and it wasn't correct)