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I recently received some land due to an inheritance that I'm not that keen on keeping (misplaced clause, I'll keep the inheritance). The rest of the family would be happiest if the land stayed within the family.

While the one post before I found on land for stock said taxes would be due after the exchange, I'm still unclear how this would work. Is disposal of the land at the appraised price for stock possible? If it is, would the transaction occur at fair market value of the stock with basis (period and amount)of the (land) buyer transferred? If this is so, wouldn't all be better off purchasing this with a stock that was down relative to the basis?

Any help appreciated
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