Cassie is a stockholder in Witch Corporation. On January 1, 2020, her ownership was:
Shares:		1,000
Basis		200,000
Acquisition Date:		1/1/2010
On April 1, 2020, Witch Corporation was trading at $				500	per share. On that date it issued
a one for one stock warrant to all shareholders (one warrant was issued for each share owned).
The warrants were issued proportionately to all common stockholders. The warrants gave
the holder the right to purchase stock in Witch Corporation at $					400	per share at any time
in the next six months.

What are the tax consequences to Cassie if she sells 500 warrants on June 1, 2020 for $100 per warrant?