Rose seeks your advice regarding the tax consequences of these various transactions.

• Earlier this year, Rose sold 5 shares of Blue Company stock at a realized loss and subsequently repurchased shares of the same stock at a gain.

• Rose owns a building that was involuntarily converted.

  • Hurricane Fred destroyed the property entirely.

  • Rose had to move the business that was located in the building.

Roses objectives are to minimize the recognition of any realized gain and to maximize the recognition of any realized loss. Based on the foregoing facts, what would you advise Rose to do with regard to the transactions?