Priv. Ltr. Rul. 201240006 (Jul. 5, 2012)

(taxpayer's residence was destroyed in presidentially declared disaster (involuntarily converted) and taxpayer acquired new residence the following year as replacement residence, but didn't tell IRS that second home was his residence; at time of disaster, basis in destroyed home exceeded its value; taxpayer made improvements to the new home and used some insurance proceeds to make the improvements; taxpayer recognized gain from involuntary conversion due to insurance proceeds exceeding basis in the destroyed home; at time or ruling request, taxpayer had not yet reported gain; IRS said that taxpayer could file original and amended return for year of replacement so as to notify IRS of acquisition of new residence).