please answer both questions as quick as possible. thank you soo much.

George has a warehouse buidding worth 1 million dollars with an adjusted basis of $400,000. He wishes to acquire another warehouse building of similar value in another area where trucks could more easily park and load/unload merchandise. In order to avoid currently recognizing gain on the sale of his warehouse, George should: Sell his bullding for 1 million now, and immediately use the proceeds to buy a new bulding. Sell his bulking now and buy a new like kind building in the next tax year Exchange his building for one of like-kind. Sell his building and put the proceeds in a separate bank account to use the proceeds to purchase a new building in the next tax year. Oscar owns a commercial fishing boat which he uses to catch fish for sale in his fishing business. The boat is destroyed by fire in 2022 . The fair market value of the boat at the time of the fire was $500,000 and its adjusted basis $300,000. He receives insurance proceeds of $450,000. For tax purposes only, he would be best off to: Buy a replacement boat for his fishing business within 2 years for at least $450,000 and use it to catch fish for his fishing business. Buy a new building for his fishing business within 2 years for at least $450,000 that he desperately needs to process the fish. Buy a replacement boat for his fishing business within 2 years for $250,000, use the new boat to catch fish for his business while putting the remaining insurance proceeds in a saving account It makes no difference whether he replaces the boat or not because the fire was not a federally deciared disaster