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(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
(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 2020: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1996 Stock B 4/10/2020 Stock C 8/23/2018 Stock D 5/19/2010 Stock E 8/20/2020 Basis $ 8,000 15,500 12,625 5,830 7,825 Date Sold 7/22/2020 9/13/2020 10/12/2020 10/12/2020 11/14/2020 Amount Realized $ 5,100 19,330 17,850 13,525 3,875 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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