Mia Is a Single Taxpayer with Projected AGI of $255,000

question 64

True/False

Mia is a single taxpayer with projected AGI of $255,000 in 2015.She is considering selling a long-term investment before year-end.She expects to realize a gain of $25,000.If Mia sells the investment by December 31,her 2015 taxable income will increase by $25,000.