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George is in the 32% tax rate bracket and has sold the following stocks in 2022: Date purchased Basis Date Sold Amount Realized Stock A

George is in the 32% tax rate bracket and has sold the following stocks in 2022:

Date purchased

Basis

Date Sold

Amount Realized

Stock A

1/23/2016

5,250

7/22/2022

6700

Stock B

4/10/2020

14,000

9/13/2022

24500

Stock C

8/23/2017

10,750

10/12/2022

7500

Stock D

5/19/2022

4,230

10/12/2022

5400

Stock E

10/20/2021

8,300

10/14/2022

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?

e) How much is tax applied to Georges capital gain if he has a net gain?

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