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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 $ 7,600 7/22/2020 $ 4,780
Stock B 4/10/2020 14,700 9/13/2020 18,370
Stock C 8/23/2018 11,625 10/12/2020 16,490
Stock D 5/19/2010 5,510 10/12/2020 12,925
Stock E 8/20/2020 7,545 11/14/2020 3,675

a. What is Graysons net short-term capital gain or loss from these transactions?

Net Short-Term Capital Gain or Loss $-200

b. What is Graysons net long-term gain or loss from these transactions?

Net Long-Term Capital Gain or Loss

c. What is Graysons overall net gain or loss from these transactions?

Net Capital Gain or Loss

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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