Replacing a building with land qualifies as replacement property under the involuntary conversion rules relevant to a casualty.

Name: Replacing a building with land qualifies as replacement property under the involuntary conversion rules relevant to a casualty.
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Under the involuntary conversion rules, replacement property must be similar or related in service or use to the property that was converted. Land and buildings are not considered similar or related in service or use.

Replacing a Building with Land Qualifies as Replacement Property Under