Question: June 5 , 2 0 2 2 , brown Inc., a calendar year taxpayer, Reese cash of 8 9 4 , 0 0 0 from

June 5,2022, brown Inc., a calendar year taxpayer, Reese cash of 894,000 from the county upon condemnation of its warehouse building(adjusted bases of 625,800 in Fairview of 894,000)
a. Select either true or false for each of the following regarding what must Brown do to qualify for section one oh 33 postponement of gain
b.complete the statement below regarding what must brown due to qualify for section 1033 postponement if the adjusted basis was 1,072,800.

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