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Taxpayer, who is single, sold the following stocks during the tax year and realized no other gains or losses. Determine the overall net gain or
Taxpayer, who is single, sold the following stocks during the tax year and realized no other gains or losses. Determine the overall net gain or loss from these transactions, meaning the gain(s) and/or loss(es) after all required netting. ASSET BASIS Stock A Stock B Stock C Stock D DATE DATE ACQUIRED SOLD 10/13/19 06/30/20 07/13/19 06/30/20 06/16/16 06/30/20 01/15/13 06/30/20 6,500 9,000 6,000 1,000 AMOUNT REALIZED 13,500 8,500 3,000 2,000 O $4,500 net long-term capital loss $4,500 net short-term capital loss $4,500 net short-term capital gain $4,500 net long-term capital gain $2,000 net short-term capital loss and $6,500 net long-term capital gain
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