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Jackson owns 60% of the shares of DoverDover Co. JacksonJackson personally owns a parcel of land, which he purchased for $ 99 comma 600$99,600. JacksonJackson

Jackson owns 60% of the shares of DoverDover Co. JacksonJackson personally owns a parcel of land, which he purchased for $ 99 comma 600$99,600. JacksonJackson decides to sell the land to DoverDover Co. The fair market value of the land is $ 299 comma 900$299,900. Jackson sells the land to DoverDover Co for $ 199 comma 900$199,900 to minimize his gain. 


What is the result of this transaction? 

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