Question: Moving to another question will save this response. (t) 3 Question 11 of 12 uestion 11 Mega Ltd., which has a May 31 year end,


Moving to another question will save this response. (t) 3 Question 11 of 12 uestion 11 Mega Ltd., which has a May 31 year end, had its land and building expropriated on June 30, 2021, and received $1 million of compensation from the government for the expropriation. Which one of the following is the deadline for Mega Lti. to replace the property with another property costing at least $1 million in order to defer the entire recapture and capital gain on the disposition of the expropriated property? A. On or before May 31, 2024. B. On or before December 31,2023. C. On or before June 30,2023. D. On or before May 31, 2023. Moving to another question will save this response, A) Moving to another question will save this response. 5 points testion 2 Mr. I.N. Vestor is retired and is slowly selling some of his assets to supplement his retirement income. He wants to have some idea of how much tax he is going to owe for 2021 on the asset sales that have taken place to date. He has provided you with the following details of his sales. He sold the following personal items during 2021: Required: Determine I.N. Vestor's net income for tax purposes as a result of the above information. Show all of your calculations
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