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Grayson is in the 25 percent tax rate bracket and has sold the following stocks in 2017: (Loss amounts should be indicated by a minus
Grayson is in the 25 percent tax rate bracket and has sold the following stocks in 2017: (Loss amounts should be indicated by a minus sign.)
Description | Date Purchased | Basis | Date Sold | Amount Realized | ||||
Stock A | 1/23/1993 | $ | 7,250 | 7/22/2017 | $ | 4,500 | ||
Stock B | 4/10/2017 | 14,000 | 9/13/2017 | 17,500 | ||||
Stock C | 8/23/2015 | 10,750 | 10/12/2017 | 15,300 | ||||
Stock D | 5/19/2007 | 5,230 | 10/12/2017 | 12,400 | ||||
Stock E | 8/20/2017 | 7,300 | 11/14/2017 | 3,500 | ||||
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a. What is Graysons net short-term capital gain or loss from these transactions?
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