Teo, an individual, is a citizen and resident of Argentina who has never been present in the US. Teo owned the following assets: (i) 100 shares of the common stock of La Pompous Corporation, a foreign corporation; and (ii) vacant land located in Oregon held as investment property (AB of $10,000 and FV of $23,000..

(a) Teo exchanges the land in Oregon for vacant land in Ireland worth $30,000.

(b) How would the answer to (a) change if Teo contributed the vacant land in Oregon to Z Corporation, a domestic corporation, in return for all of its stock?

(c) What if Teo contributed the land to La Pompous?