A. MDC Corporation (E & P of $800,000) has 1,000 shares of stock outstanding. That stock is held by Jeff (550 shares) and Thomas (450 shares), who are unrelated individuals. Bell redeems 450 of Jeffs shares for $1,000 per share. Jeff paid $800 per share for his Bell stock nine years ago. This is a qualified redemption. What is Jeffs realized gain/ loss? What is his recognized gain/ loss? What is the character of the recognized gain/ loss? B: See the above problem: assume this is a taxable event and not a qualified redemption: What is Jeffs realized gain/ loss? What is his recognized gain/ loss? What is the character of the recognized gain/ loss?