Tax consequences on transfer of property for stock

Reference no: EM13152150

Juan exchanges property, basis of $200,000 and fair market value of $2.5 million, for 65 percent of the stock of Green Corporation. The other 35 percent is owned by Gloria, who acquired it several years ago. What are the tax consequences to Juan due to his transfer of property for stock in Green Corporation?

Reference no: EM13152150

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