Jared, a Fiscal Year Taxpayer with a August 31st Year-End

question 56

Multiple Choice

Jared, a fiscal year taxpayer with a August 31st year-end, owns an office building (adjusted basis of $800,000) that was destroyed by fire on December 24, 2014. If the insurance settlement was $950,000 (received March 1, 2015) , what is the latest date that Jared can replace the office building in order to qualify for § 1033 nonrecognition of gain?

• A) December 31, 2014.
• B) August 31, 2015.
• C) December 31, 2016.
• D) August 31, 2017.
• E) None of the above.

Recognize behaviors that hinder effective listening and know how to counteract them.

Define the characteristics of adept listening.

Learn strategies to avoid listening errors related to focusing on facts over feelings.

Understand the importance of preparation and reception in active listening.

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Definitions:

Tolerance

The ability or willingness to accept and respect the differing views, behaviors, and practices of others without judgment.

Dependence

A state in which an individual relies on a substance or behavior to function normally, often associated with addiction.

Withdrawal

The process or symptoms experienced when ceasing or reducing intake of a psychoactive substance to which one has become addicted.

Addiction

A psychological and physical dependency on substances or behaviors, characterized by compulsive engagement despite adverse consequences.