Tanya is in the 35% tax bracket. She acquired 1,000 shares of stock in Swan Corporation seven years ago for $250 a share. In the current year, Swan Corporation (E & P of $1.2 million) redeems all of her shares for $400,000. What are the tax consequences to Tanya if:

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The Answer of Tanya is in the 35% tax bracket. She acquired 1,000 shares of stock in Swan Corporation seven years ago for $250 a share. In the current year, Swan Corporation (E & P of $1.2 million) redeems all of her shares for $400,000. What are the tax consequences to Tanya if:

Tanya Is in the 35% Tax Bracket