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With an involuntary conversion, what is the time limit to purchase replacement property? Multiple Choice Five years from the conversion event Two years from the
With an involuntary conversion, what is the time limit to purchase replacement property?
Multiple Choice
Five years from the conversion event
Two years from the conversion event
It ends two years after the close of the taxable year the gain is realized three years for real property held for use in a trade or business, or investment that is condemned
There is no time limit
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