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[The following information applies to the questions displayed below. Grayson is in the 24 percent tax rate bracket and has sold the following stocks in

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[The following information applies to the questions displayed below. Grayson is in the 24 percent tax rate bracket and has sold the following stocks in 2018: (Loss amounts should be indicated by a minus sign.) Date Amount Description Purchased Stock A Stock B Stock C Stock D Stock E 4/10/2018 8/23/2016 5/19/2008 8/20/2018 Basis 1/23/1994$ 8,050 15,600 12,750 5,870 7,860 9/13/2018 10/12/2018 10/12/2018 11/14/2018 Date Sold Realized 7/22/2018 5,140 19,450 18,020 13,600 3,900 Problem 7-46 Part-a a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss

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