Question: On an irroluntary conversion in which the taxpoyer does not buy replacement property within the replacement period, the gain on the irrvoluntary conversion and any

On an irroluntary conversion in which the taxpoyer does not buy replacement property within the replacement period, the gain on the irrvoluntary conversion and any tax due must be reported:

Multiple Choice

In the year the replacement period explies.

In the year the involumary conversion eccurred.

Never, because the lar year of the conversion would be closed.

As soon as the taspayer knows replacement propenty will not be purchesed.

On an irroluntary conversion in which the

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