Han and Leia have come to you for tax help for their $2023$ tax year. What issues does their set of facts present to you as their tax advisor? What advice do you have for them? Please make any assumptions that you need in$-$order to address and respond to the issues presented by the fact pattern. Clearly state the assumptions that you make. It is advisable to utilize a memorandum style in which you address the facts, issues, analysis, and conclusions. Support your answers with cites to code, regulations, cases, rulings, IRS publications or other research data.

The owners of the Lake Tatooine property wanted to move to the city since their commute to Coruscant was too long and they missed some of the amenities of the city. So$,$ the Solos and the owners of the Lake Tatooine property exchanged properties on June $30,2023.$ No cash changed hands in the transaction.

Do the Solos have any tax issues? $($the answer is yes$).$n What are they and how do they address them? The purpose of the study is to identify the tax issues and discuss them without trying to calculate a tax or an amount owed. In other words, why is an item income? Is something within or outside a limit$?$ Remember the name of the course is Income Tax Planning so think through the facts and analyze the tax issues. Support your answer with a rule of law $($use the textbook, the substantive resources in the modules, IRS pubs, Internal Revenue Code, Treasury Regs, cases, etc.$)$