! Required information (The following information applies to the questions displayed below.) Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock C 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 8,450 16,400 13,750 6,190 8, 140 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 5,460 20,410 19, 380 14, 200 4,100 a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss Larry recently invested $30,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is also $30,500. In addition, Larry's share of the limited partnership loss for the year is $2,525, his share of income from a different limited partnership is $1,210, and he has $4,050 of dividend income from the stock he owns. How much of Larry's $2,525 loss from the limited partnership can he deduct in the current year? Deductible loss ! Required information [The following information applies to the questions displayed below. Rubio recently invested $20,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $15,350. In addition, Rubio's share of the limited partnership loss for the year is $22,650, his share of income from a different limited partnership is $5,075, and he has $40,500 in wage income and $10,250 in long-term capital gains. a. How much of Rubio's $22,650 loss is allowed considering only the tax-basis loss limitations? Loss allowed as per tax basis loss limitation Check ! Required information [The following information applies to the questions displayed below.) Rubio recently invested $20,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $15,350. In addition, Rubio's share of the limited partnership loss for the year is $22,650, his share of income from a different limited partnership is $5,075, and he has $40,500 in wage income and $10,250 in long-term capital gains. b. How much of the loss from part (a) is allowed under the at-risk limitations? Loss allowed as per at-risk limitation U ! Required information (The following information applies to the questions displayed below. Rubio recently invested $20,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $15,350. In addition, Rubio's share of the limited partnership loss for the year is $22,650, his share of income from a different limited partnership is $5,075, and he has $40,500 in wage income and $10,250 in long-term capital gains. es c. How much of Rubio's $22,650 loss from the limited partnership can he deduct in the current year considering all limitations? Deductible loss