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Grayson is in the 24 percent tax rate bracket and has sold the following stocks in 2018: (Loss amounts should be indicated by a minus
Grayson is in the 24 percent tax rate bracket and has sold the following stocks in 2018: (Loss amounts should be indicated by a minus sign.)
Description | Date Purchased | Basis | Date Sold | Amount Realized | ||
Stock A | 1/23/1994 | $ | 8,000 | 7/22/2018 | $ | 5,100 |
Stock B | 4/10/2018 | 15,500 | 9/13/2018 | 19,330 | ||
Stock C | 8/23/2016 | 12,625 | 10/12/2018 | 17,850 | ||
Stock D | 5/19/2008 | 5,830 | 10/12/2018 | 13,525 | ||
Stock E | 8/20/2018 | 7,825 | 11/14/2018 | 3,875 |
a. What is Graysons net short-term capital gain or loss from these transactions? b. What is Graysons net long-term gain or loss from these transactions? c. What is Graysons overall net gain or loss from these transactions?
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