§ 2032A(h)(3)(B)

qualified replacement property

UNDECIDED

0 of 2 settled

  1. 1

    § 2032A(h)(3)(B)

    ANY OF

    The term “qualified replacement property” means—

    “in the case of an involuntary conversion described in section 1033(a)(1), any real property into which the qualified real property is converted, or” § 2032A(h)(3)(B)(i) needs Step 2 no gain shall be recognized UNDECIDED
    “in the case of an involuntary conversion described in section 1033(a)(2), any real property purchased by the qualified heir during the period specified in section 1033(a)(2)(B) for purposes of replacing the qualified real property.” § 2032A(h)(3)(B)(ii)
  2. 2

    § 1033(a)(1)

    no gain shall be recognized

    ALL OF
    “If property (as a result of its destruction in whole or in part, theft, seizure, or requisition or condemnation or threat or imminence thereof) is compulsorily or involuntarily converted—” Enclosing § 1033(a)
    “Into property similar or related in service or use to the property so converted”