Abby made two transfers to her adult daughter Bianca this year. On January 2 she gifted all future dividends in ABC Corporation to Bianca. On July 1 she gifted XYZ stock worth $250,000 to Bianca. On November 1 ABC Corporation paid Bianca $50,000 in dividends. On December 1 XYZ paid $25,000 in dividends to Bianca. What are both the income and gift tax consequences from the two transactions and resulting dividends?

Trevor had a large parcel of undeveloped land that he bought for $500,000 in 2002. In 2017 an oil company offered him $15 million for the land when tests indicated that there was likely a significant amount of oil underneath the land. After much negotiation, Trevor accepted $20 M in cash in 2019 for drilling rights only (in other words Trevor kept title to the land but the oil company could drill and extract any oil) for a five-year period. In 2020, while drilling, the oil company found $10 million worth of buried gold coins that no one knew existed. The oil company turned over the coins to Trevor who decided to keep the coins and put them in a safe[1]deposit box. What are the tax consequences of the above?