Tony owns 40% of the stock of Avengers, Inc, with a FMV of $400,000. His basis in the stock is $225,000. In exchange for 1/2 of his stock, he receives property from Avengers with a FMV of $200,000. Avengers had a basis in the property of $160,000. 23. What are the tax consequences, if any, to Tony? (4 points)