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Alex Owns an Office Building Which the State Condemns on January

question 8

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Alex owns an office building which the state condemns on January 15,2013.Alex receives the condemnation award on April 1,2013.In order to qualify for nonrecognition of gain on this involuntary conversion,what is the last date for Alex to acquire qualified replacement property?


Definitions:

Cognize Symbols

The act of understanding and interpreting symbols within a particular context.

Egyptian Hieroglyphics

An ancient writing system used in Egypt, which uses symbolic pictures to represent sounds, objects, and concepts.

Iroquois Wampum

A traditional beadwork crafted by the Indigenous Iroquois peoples, used for ceremonial gifts and as a medium of exchange.

Inca Quipus

A recording system used by the Incas, consisting of various colored threads knotted in different ways to represent numbers and possibly narrative information as well.

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