Question: Help With an involuntary conversion, what is the time limit to purchase replacement property? Multiple Choice O Five years from the conversion event O Two

Help With an involuntary conversion, what is the time limit to purchase replacement property? Multiple Choice O Five years from the conversion event O 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). O There is no time limit

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