Sanjay is single and has taxable income of $23,000 without considering the sale of a capital asset in November of 2019 for $15,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain is
A. $0.
B. $1,500.
C. $500.
D. $1,200.
Answer: A
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