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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

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 Date Purchased Basis Date Sold Amount Realized
Stock A 1/23/1996 $ 8,450 7/22/2020 $ 5,460
Stock B 4/10/2020 16,400 9/13/2020 20,410
Stock C 8/23/2018 13,750 10/12/2020 19,380
Stock D 5/19/2010 6,190 10/12/2020 14,200
Stock E 8/20/2020 8,140 11/14/2020 4,100

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? ______________

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