Lee and his wife (Jan) are both TCU alums. Jan is considering making a substantial gift to the school's building fund before December 31, 2024 (i.e., the current year end). The gift would consist of a particular block of employer stock that Jan acquired on November 28, 2023, upon exercise of incentive stock options she had obtained in 2020. At the date of exercise, Jan paid only $250,000 for shares that were worth $400,000 on the NYSE. The shares have a current market value of $470,000. She would like to know the income and gift tax implications of this contribution. What are the income and gift tax implications of Jan's contribution of stock to TCU? provide specific code sections and info on both income and tax implications and explain the iso part