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What are the taxes on this transaction

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Pat is in the 15% dividends and capital gains taxes and 30% ordinary income taxes. Four years ago an exchange-traded fund (ETF) was set-up with 2 million shares of 11 stocks at an average price of $17 a share. The ETF issued 49 million shares. None of the original shares have been sold or redeemed. In March, Pat purchased 185,000 shares at $21.88 a share and sold them in October for $27.86 a share. What are the taxes on this transaction?

Reference no: EM133306849

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