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

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

Juan Exchanges Property,basis of $200,000 and Fair Market Value of $2.5