Mrs. Y owns 1,800 shares of Acme common stock, which she purchased for $10 per share in 2002. In October of this year, she decides to sell her Acme stock for the market price of $27 per share, the highest price at which the stock has traded in the past 22 months. A friend advises her to hold the Acme stock until next January so that her gain from the sale will be taxed next year rather than this year.
Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question.