In 2014, an individual taxpayer has $863,000 of taxable income that includes $48,000 of 0%/15%/20% long-term capital gain, which puts the taxpayer in the 39.6% tax bracket. Which of the following statements is correct?
A. All of the LTCG will be taxed at 0%.
B. All of the LTCG will be taxed at 15%.
C. All of the LTCG will be taxed at 20%.
D. Some of the LTCG will be taxed at 0% and some at 15%.