Part A B C D

Required information [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 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock C 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 7,250 14,000 10,750 5,230 7,300 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 4,500 17,500 15,300 12,400 3,500 a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss Required information [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 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 7,250 14,000 10,750 5,230 7,300 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 4,500 17,500 15,300 12,400 3,500 -5 b. What is Grayson's net long-term gain or loss from these transactions? Net long-term capital gain or loss [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 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 7,250 14,000 10,750 5,230 7,300 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 4,500 17,500 15,300 12,400 3,500 c. What is Grayson's overall net gain or loss from these transactions? Not capital gain or loss Required information [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 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock C 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 7,250 14,000 10,750 5,230 7,300 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 4,500 17,500 15,300 12,400 3,500 d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain