Ross would like to dispose of some land he acquired five years ago because he believes that it will not continue to appreciate. Its value has increased by $50,000 over the five-year period. He also intends to sell stock that has declined in value by $50,000 during the eight-month period he has owned it. Ross has four offers to acquire the stock and land: Buyer number 1: Exchange land. Buyer number 2: Purchase land for cash. Buyer number 3: Exchange stock. Buyer number 4: Purchase stock for cash. Identify the tax issues relevant to Ross in disposing of this land and stock.