You received the following letter from your client: December 1, 2019 Hello dear friend and tax adviser: It will be time to file my 2019 tax return before we know it! On March 15, 2019 purchased 300 shares of stock in Imagine Corporation for $125 per share, and the stock is doing well. The total cost was $$37,500, a significant investment for me. I am thinking of selling before year end (December 31, 2019), now that the stock price has reached $180 per share. Is there any reason to wait and sell later? If I don't sell in 2019, I am worried that the stock price may go down due to competition in the Imagine market. It may go as low as $115 per share. My taxable income this year and next year is projected to be $50,000, excluding any stock sale. This puts me in the 22% bracket. Any suggestions on what should do? Please explain to me clearly what will happen to my taxes if I sell in 2019, or if I sell in 2020