Tricia's office building (which she uses in her business) has an adjusted basis of $220,000 and is destroyed by fire on May 5, 2022. Insurance proceeds of $425,000 are received on June 1, 2022. She has a new office building constructed for $410,000, which she uses and occupies on October 1, 2023. May Tricia postpone recognition of gain? Explain in full. Calculate her recognized gain or loss and the basis of the new office building