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4. John is in the 35% tax rate bracket and has sold the following stocks in 2019: Date purchased Basis Date Sold Amount Realized Stock

4. John is in the 35% tax rate bracket and has sold the following stocks in 2019:

Date purchased

Basis

Date Sold

Amount Realized

Stock A

1/23/2015

5,250

7/22/2020

6700

Stock B

4/10/2019

14,000

9/13/2020

24500

Stock C

8/23/2016

10,750

10/12/2020

7500

Stock D

5/19/2016

4,230

10/12/2020

5400

Stock E

8/20/2019

8,300

11/14/2020

10300

Please answer the following questions based on the above information:

a) What is Georges net short-term capital gain or loss from these transactions?

b) What is Georges net long-term capital gain or loss from these transactions?

c) What is Georges overall net capital gain or loss from these transactions?

d) What amount of the gain, if any, is subject to the preferential rate for certain capital gain?

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