Water holding tank no water

Is your tank a new installation? If so give it some time to disperse the air beneath the membrane. This is normal with bladder tanks and your instruction sheet should have addressed this. Did you charge the tank , with the pump off and the pressure relieved by opening op a cold water faucet, to two PSI under the cut in point on your control box? Cheers, Tom

It was in the house when I moved in could the tank be bad

RB, I can tell this is bothering you since you have posted it twice now. Speedball gave you a good reply. It can certainly seem that the tank is not getting much water. That is a COMMON complaint on this board and is generally not worth worrying about. What you really want to measure is this. How much water can you run from a faucet between the cutoff and cutin points? To find out, let the pump run until it cuts off (high pressure point). Now run water from an outdoor faucet into a five gallon bucket. Listen for the switch to "click" to turn the pump back on. You should get at least five or six gallons before that happens, depending on the size of your tank, and perhaps even more. If that is the case, then it's not likely you have trouble.

The big problem with pressure tanks is that they completely fill with water and have no air cushion at all. That is plainly not the case with you.

Pump runs all the time not reaching 60 to shut pump of when pump runs at 40

I don't think you have a tank problem. What you are describing is also rather common on this board. For some reason, the pump is no longer able to pump up to cut off pressure. Possible reasons:

1. Leak between tank and house (unlikely... you would notice it.)
2. Leak in the wellpipe which bleeds off pressure.
3. Problem with the pump itself.
4. Lower water table. This is usually a bigger problem with jet pumps (above ground), but it can be an issue with submersible pumps.

Do you know how old the pump is?