C.C.A. 201333010 (May 16, 2013) and C.C.A. 201333011 (May 17, 2013)

(Chief Counsel's Office points out an inaccurate paragraph in IRS Pub. 225 with respect to livestock sold on account of weather-related conditions; IRS points out that taxpayer can replace livestock with "other property...used for farming" under I.R.C. Sec. 1033(f), if replacing the livestock with "property similar or related in use" is not feasible due to weather-related conditions or environmental contamination; IRS notes that livestock cannot be replaced with "other property...used for farming" because of market conditions).