For tax purposes, if a property is destroyed in a hurricane on Aug 29, YR1 & the ins co determines the owner's claim is valid on Feb 14, YR2 - what is the last day the owner has to reinvest the ins $ under Sec 1033? (avoiding taxes on gains)
a) Feb 14, YR3
b) Aug 29, YR2
c) Aug 29, YR3
d) Feb 14, YR1