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John is in the 35% tax rate bracket and has sold the following stocks in 2017: Date purchased Basis Date Sold Amount Realized Stock A

John is in the 35% tax rate bracket and has sold the following stocks in 2017:

Date purchased

Basis

Date Sold

Amount Realized

Stock A

1/23/2013

5,250

7/22/2017

3,500

Stock B

4/10/2017

14,000

9/13/2017

16,500

Stock C

8/23/2014

10,750

10/12/2017

15,300

Stock D

5/19/2014

4,230

10/12/2017

10,400

Stock E

8/20/2017

8,300

11/14/2017

3,500

Please answer the following questions based on the above information:

a) What is Georges net short-term capital gain or loss from these transactions?

b) What is Georges net long-term capital gain or loss from these transactions?

c) What is Georges overall net capital gain or loss from these transactions?

d) What amount of the gain, if any, is subject to the preferential rate for certain capital gain?

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