Question

Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks...

Grayson (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 $ 7,250 7/22/2019 $ 4,500
Stock B 4/10/2019 14,000 9/13/2019 17,500
Stock C 8/23/2017 10,750 10/12/2019 15,300
Stock D 5/19/2009 5,230 10/12/2019 12,400
Stock E 8/20/2019 7,300 11/14/2019 3,500

a. What is Grayson’s net short-term capital gain or loss from these transactions?


      

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