On February $25,2024,$ Allison's building, with an adjusted basis of $$1,300,000($and used in her trade or business$),$ is destroyed by fire. On March $30,2024,$ she receives an insurance reimbursement of $$1,650,000$ for the loss. Allison invests $$1,550,000$ in a new building and buys stock with the balance of insurance proceeds. Allison is a calendar year taxpayer.By what date must Allison make the new investment to qualify for the nonrecognition election?a$.$ February $25,2026$b$.$ February $25,2027$c$.$ December $31,2026$d$.$ March $30,2026$