Severity: Warning
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Filename: drivers/Session_files_driver.php
Line Number: 176
Backtrace:
File: /home/answnniz/public_html/index.php
Line: 315
Function: require_once
Severity: Warning
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Filename: Session/Session.php
Line Number: 143
Backtrace:
File: /home/answnniz/public_html/index.php
Line: 315
Function: require_once
Ms. Warbuck's business property was demolished by a typhoon on March 1, 2022. On July 4, 2023, Ms. Warbuck received $100,000.00 in insurance proceeds covering the damage to the warehouse. Ms. Warbuck's basis in the warehouse was $75,000.00. She purchased a new warehouse on November 10, 2023 for $200,000.009. What is the latest date for Ms. Warbucks to make an election under §1033 and defer recognition of the gain? None of the above December 31. 2025 December 31. 2024 July 4, 2025