A taxpayer cannot replace property before its condemnation and still qualify for nonrecognition treatment.

Name: A taxpayer cannot replace property before its condemnation and still qualify for nonrecognition treatment.
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A taxpayer can replace property before its condemnation and still qualify for nonrecognition treatment under certain conditions, such as meeting the requirements of Section 1033 of the Internal Revenue Code.

A Taxpayer Cannot Replace Property Before Its Condemnation and Still