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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 2022:
Note: Loss amounts should be indicated by a minus sign.
Stock | Date Purchased | Basis | Date Sold | Amount Realized |
---|---|---|---|---|
Stock A | 1/23/1998 | $ 7,750 | 7/22/2022 | $ 4,900 |
Stock B | 4/10/2022 | 15,000 | 9/13/2022 | 18,730 |
Stock C | 8/23/2020 | 12,000 | 10/12/2022 | 17,000 |
Stock D | 5/19/2012 | 5,630 | 10/12/2022 | 13,150 |
Stock E | 8/20/2022 | 7,650 | 11/14/2022 | 3,750 |
b. What is Grayson's net long-term gain or loss from these transactions?
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