PROBLEM 6 Bertha had a building destroyed by hurricane Zoe 11/13/X1. Insurance proceeds received 2/15/X2.

PROBLEM 6

Bertha had a building destroyed by hurricane Zoe 11/13/X1. Insurance proceeds received 2/15/X2.

A. If the building destroyed was a rental offices, will a rental warehouse qualify as replacement property?

B. If the building destroyed was her office, will a rental warehouse qualify as replacement property?

Bertha enters into a like-kind exchange on 8/13/X1 and completes the exchange by 2/15/X2

C. If the building exchanged was apartments, will a farm qualify as replacement property?

D. If the building exchanged was warehouse will a vacant lot qualify as replacement property?