Indicate whether the following scenarios result in a recognized gain, recognized loss (or neither).

1. Brian declared bankruptcy this year and informed Brad that he wil be unable to pay him back.
2. Joe's apartment building with a basis of $100,000 and a FMV of $200,000 is condemned by the city who pays Joe $200,000 as compensation. Joe replaces it by buying another rental property for $210,000.
3. Joe's rental property with a basis of $200,000 is destroyed by fire. Joe receives $190,000 from his insurance company and purchases another property for $200,000.