Notice 2022-43 explains the circumstances under which the four-year replacement period under section 1033(e)(2) is extended for livestock sold on account of drought.  The Appendix to this notice contains a list of counties that experienced exceptional, extreme, or severe drought conditions during the 12-month period ending August 31, 2022.  Taxpayers may use this list to determine if an extension is available.

Notice 2022-43 will be in IRB:  2022- 42, dated October 17, 2022.