Jared, a Fiscal Year Taxpayer with a September 30th Year-End

Multiple Choice

Jared, a fiscal year taxpayer with a September 30th year-end, owns an office building (adjusted basis of $715,000) that was destroyed by fire on September 12, 2012. If the insurance settlement was $950,000 (received March 1, 2013) , what is the latest date that Jared can replace the office building in order to qualify for § 1033 nonrecognition of gain?

A) September 30, 2013.
B) September 30, 2014.
C) September 30, 2015.
D) December 31, 2015.
E) None of the above.