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Required information [The following information applies to the questions displayed below.] Juan (single) is in the 24 percent tax rate bracket and has sold the
Required information
[The following information applies to the questions displayed below.]
Juan (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indicated by a minus sign.)
Description | Date Purchased | Basis | Date Sold | Amount Realized | ||||
Stock A | 1/23/1995 | $ | 7,850 | 7/22/2019 | $ | 4,980 | ||
Stock B | 4/10/2019 | 15,200 | 9/13/2019 | 18,970 | ||||
Stock C | 8/23/2017 | 12,250 | 10/12/2019 | 17,340 | ||||
Stock D | 5/19/2009 | 5,710 | 10/12/2019 | 13,300 | ||||
Stock E | 8/20/2019 | 7,720 | 11/14/2019 | 3,800 | ||||
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c. What is Juans overall net gain or loss from these transactions?
Net capital gain or loss: ?
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