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4 Part 1 of 4 Required information Problem 7-46 (LO 7.2) (Algo) The following information applies to the questions displayed below.) Grayson (single) is in

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4 Part 1 of 4 Required information Problem 7-46 (LO 7.2) (Algo) The following information applies to the questions displayed below.) Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021: (Loss amounts should be indicated by a minus sign.) 0.46 points ebook Description Stock Stock B Stock Stock Stock E Dat Purchased 1/23/1997 4/10/2021 8/23/2019 5/19/2011 8/20/2021 BA $ 0.250 16.000 13, 250 6.030 8.000 Dato Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 5.300 19.930 18.700 12.900 4.000 Hint Problem 7-46 Part-a (Algo) AK a. What is Grayson's net short-term capital gain or loss from these transactions? Print Net short to capital gain or los References Required information Problem 7.46 (LO 7-2) (Algo) [The following information applies to the questions displayed below) Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021 (Loss amounts should be indicated by a minus sign.) Description Stock Stock B Stock C Stock D Stock E Dato Purchased 1/23/1997 4/10/2021 8/23/2019 5/19/2011 8/20/2021 Bari $ 8.250 16,000 13,250 6,030 8,000 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 count Realised $ 5.300 19.930 18.700 13.900 4.000 Problem 7-46 Part-b (Algo) b. What is Grayson's net long term gain or loss from these transactions? Net long-term capital gain or loss Required information Problem 7.46 (LO 7-2) (Algo) [The following information applies to the questions displayed below) Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021 (Loss omounts should be indicated by a minus sign.) Description Stock A Stock B Stock Stock D Stock E Date Purchased 1/23/1997 4/10/2021 8/23/2019 5/19/2011 8/20/2021 Basis $ 8.250 16.000 13,250 6.030 8.000 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Ant Realized $ 5,300 19.930 18.700 13.900 4.000 Problem 7-46 Part-c (Algo) c. What is Grayson's overall net gain or loss from these transactions? Net capital gain or loss ences 0 Sof Required information Problem 7-46 (LO 7-2) (Algo) The following information applies to the questions displayed below! Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020 (Loss amounts should be indicated by a minus sign.) Description Stock Stock B Stock C Stock D Stock E Date Purchased 1/23/1997 4/10/2021 8/23/2019 5/10/2011 8/20/2021 Basis $ 8.250 16.000 13.250 6.030 8.000 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 sunt Roalised $ 5.300 19.920 18.700 13.900 4.000 Hint AC Problem 7-46 Part-d (Algo) d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain Terences

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