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What is the last date for Elroy to acquire property

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Question - An office building owned by Elroy was condemned by the state on January 2, 2012. Elroy received the condemnation award on March 1, 2013. In order to qualify for non-recognition of gain on this involuntary conversion, what is the last date for Elroy to acquire qualified replacement property?

a. August 1, 2014.

b. January 2, 2015.

c. March 1, 2016.

d. December 31, 2016.

Reference no: EM132460267

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