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Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022: Note: Loss amounts should be indicated by
Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022:
Note: Loss amounts should be indicated by a minus sign.
Stock | Date Purchased | Basis | Date Sold | Amount Realized |
---|---|---|---|---|
Stock A | 1/23/1998 | $ 7,250 | 7/22/2022 | $ 4,500 |
Stock B | 4/10/2022 | 14,000 | 9/13/2022 | 17,500 |
Stock C | 8/23/2020 | 10,750 | 10/12/2022 | 15,300 |
Stock D | 5/19/2012 | 5,230 | 10/12/2022 | 12,400 |
Stock E | 8/20/2022 | 7,300 | 11/14/2022 | 3,500 |
a. What is Grayson's net short-term capital gain or loss from these transactions?
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