PTAX Like-Kind Exchanges and Involuntary Conversions REG11-106X

In accordance with involuntary conversion, what are the requirements for deferral due

• Property with similar or related in service or use must replace property
• Involuntary conversion must be made within two (2) years from the end of the tax year
• Property gain is created if proceeds are not re-invested
• An involuntary conversion qualifies as a disposition