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Which of the following events would not qualify for involuntary conversion treatment under 1033? a. A personal residence burns down. b. Inventory damaged by a
Which of the following events would not qualify for involuntary conversion treatment under 1033?
a. A personal residence burns down.
b. Inventory damaged by a flood.
c. A taxpayer selling his house because it is on a flood plain.
d. An office building destroyed by a tornado.
e. None of the above.
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