Eva is 67 and unmarried. She receives $12000 a year in SS benefits and $20000 from taxable pension. She is in the 15% tax bracket and claims standard deduction. She wants to sell stock she has had for more than a year. Her cost is $6000 and its fair market value is $13000. she has no other gains or losses for the year. Estimate the tax consequence of selling the stock.

Question

Eva is 67 and unmarried. She receives $12000 a year in SS benefits and $20000 from taxable pension. She is in the 15% tax bracket and claims standard deduction. She wants to sell stock she has had for more than a year. Her cost is $6000 and its fair market value is $13000. she has no other gains or losses for the year. Estimate the tax consequence of selling  the stock.