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04-03-2024
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For tax purposes, if a property is destroyed in a hurricane on Aug 29, YR1 & the ins co determines the owner's claim is valid on Feb 14, YR2 - what is the last day the owner has to reinvest the ins $ under Sec 1033? (avoiding taxes on gains)
a) Feb 14, YR3
b) Aug 29, YR2
c) Aug 29, YR3
d) Feb 14, YR1

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