Gene The land cost him $200,000 and is now worth $530,000. Gene achieve better plans to transfer the land to Dee Corporation, which will tax land subdivide the land and sell individual parcels. Dee the consequences? five Corporation's profits on the land will be ordinary income. What years are the tax consequences of the asset transfer and land sales if ago as an Gene contributes the land to Dee Corporation in exchange for all of its stock? What alternative methods can be used to to
Gene land five years ago as an The land cost him $200,000 and is now worth $530,000. Gene plans to transfer the land to Dee Corporation, which will subdivide the land and sell individual parcels. Dee Corporation's profits on the land will be ordinary income. What are the tax consequences of the asset transfer and land sales if Gene contributes the land to Dee Corporation in exchange for all of its stock? What alternative methods can be used to the to achieve better tax consequences?