Tax Drill-Qualified Dividend Rule On December 1,2022 , Bigham Corporation pays a dividend of $4.00 on each share of its common stock. Vanessa and Gena, two unrelated shareholders, each own 5,000 shares of the stock. Vanessa has owned her stock for two years while Gena purchased her stock on November 3, 2022. On December 15, 2022, both Vanessa and Gena sold all of their Bigham stock after Bigham announced it would be restating its earnings for the prior two years. How does each shareholder treat the $20,000 dividend from Bigham? The $20,000 that Vanessa receives is and the $20,000 that Gena receives is nontaxable taxed at ordinary income rates subject to preferential 0%/15%/20% treatment