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An apartment bulding with an adjusted basis of $$500,000$ wos destroyed by a tornado on Apeil $30,2024.$ On May $10,2024,$ the insurance company paid the owner $$695,000.$ The owner relmested $$570,000h$ a new apatment complex. What is the bavs of the new complex if nonrecognition of gain from an involuntary conversion is elected?

Manple Choice

$$5000000$

$$625000$

$$570000$

$$695,000$

Proy

$22$ of $28$

NoxO?

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esp

Q$7\mathrm{.}07$ p$.$m

$21,04/2025$