3) What are the federal tax consequences of Jo's sale of a bond fund that Jo purchased with some extra savings after owning it for only 10 months and earning $3,300 in capital gains when she sold the fund shares? [Jo is in a 32% marginal tax bracket.]

3a) what are the federal tax consequences of Jo's sale of a bond fund that Jo purchased with some extra savings if she held onto it for 15 months and earning $3,300 when she sold the fund shares?