Question: ( CH 1 2 ) Vector Inc. ' s office building burned down on October 3 1 , 2 0 2 2 . Vector, a

(CH 12) Vector Inc.'s office building burned down on October 31,2022. Vector, a calendar-year taxpayer, finally settles with the insurance company on February 3,2023. In order to defer the gain realized on the building, Vector must acquire another office building by February 3,2025.
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