Property transfer from corp to individual

[Gregory Truesdell]

I was left property from my husband that Belonged in his c-corporation and he was the only stock holder.  I did not inherit the corporation, law firm did a quick claim transfer  to me , property in Florida.  What are the tax reprocussions if any for me or the c-corp owner. ? 

[Basit Siddiqi]

@Gregory Truesdell

Corporations are normally subject to income tax upon distribution of an appreciated property.
However, in this case it appears that the distribution is being made to a person who is not a shareholder of the corporation. It also does not appear that you are giving consideration for the property. 
It would be interesting to see what the tax outcome is.

The one thing about holding real estate in a C-corp is that the value of the real estate is not stepped up upon passing. However, the value of the stock is stepped up upon passing.