Daniel purchased qualified small business corporation stock for $200,000. In 2018 he sells the stock for $2,200,000 realizing a $2,000,000 gain. Determine the taxes due under the following independent situations (apply current t but ignore any additional Medicare taxes on investment income):
a. Daniel purchased the stock on February 1, 2006.
b. Daniel purchased the stock on March 1, 2009.
c. Daniel purchased the stock on October 1, 2010.

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The Answer of Daniel purchased qualified small business corporation stock for $200,000. In 2018 he sells the stock for $2,200,000 realizing a $2,000,000 gain. Determine the taxes due under the following independent situations (apply current t but ignore any additional Medicare taxes on investment income):
a. Daniel purchased the stock on February 1, 2006.
b. Daniel purchased the stock on March 1, 2009.
c. Daniel purchased the stock on October 1, 2010.

Daniel Purchased Qualified Small Business Corporation Stock for $200,000