Taxpayer is a successful painter. A local art gallery contacted him about staging an art show. As part of the offer, the gallery would also purchase five of his oil paintings for a total payment of $100,000 and keep them permanently on display. Because he has already earned a substantial amount from sales during the year, Taxpayer suggests that the gallery display the paintings during the current year, and then purchase the five paintings next year. The gallery agrees. 

What are the tax consequences to Taxpayer this year and next year?