Eve is age 67 and unmarried, she receives 12,000 a year in social security benefits and 20,000 from a taxable pension. She Is in the 15% marginal tax bracket on her Federal income tax. She claims the standard deduction. She is considering selling stock she has held for more than one year. Her cost of the stock is 6,000 and its fair market value is 13,000. She has not other gains or losses for the yar. She has asked you to estimate the tax consequences of selling the stock.
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