Which of the following is NOT necessarily true of the replacement property in an involuntary conversion

	For condemned real property used in a business, broader groups of re placement properties and a longer reinvestment period (an additional year) are allowed.
	If the converted property other than real property used by the taxpayer, the re placement property must serve the same basic function as the converted property.
	The replacement property must be purchased within two years of the conversion.
	The replacement property may not have been owned by the taxpayer prior to the conversion or the threat of condemnation.