Problem $7-46($LO $7-2)($Algo$)$

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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 in $2024$:

Note: Loss amounts should be indicated by a minus sign.

StockDate PurchasedBasisDate SoldAmount RealizedStock A$1/23/2000$$ $8,1007/22/2024$$ $5,180$Stock B$4/10/202415,7009/13/202419,570$Stock C$8/23/202212,87510/12/202418,190$Stock D$5/19/20145,91010/12/202413,675$Stock E$8/20/20247,89511/14/20243,925$

Problem $7-46$ Part$-$a $($Algo$)$

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

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Problem $7-46($LO $7-2)($Algo$)$

$[$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 $2024$:

Note: Loss amounts should be indicated by a minus sign.

Problem $7-46$ Part$-$a $($Algo$)$

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