On February 24, 2020, Allison's building, with an adjusted basis of $2,183,050 (and used in her trade or business), is destroyed by fire. On March 31, 2020, she receives an insurance reimbursement of $2,837,965 for the loss. Allison invests $2,554,169 in a new building and buys stock with the balance of insurance proceeds. Allison is a calendar year taxpayer. Required:
a. By what date must Allison make the new investment to qualify for the nonrecognition election?
b. Assuming that the replacement property qualifies as similar or related in service or use, what is Allison’s realized gain, recognized gain, and basis in the replacement building?

Match the steps for conducting an informational interview with the tasks in each step.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e. g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.