Required information

Problem $7-42($LO $7-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Dahlia is in the $32$ percent tax rate bracket and has purchased the following shares of Microsoft

common stock $($Nasdaq: MSFT$)$ over the years:

If Dahlia sells $1,550$ shares of Microsoft for $$116,250$ on December $20,2024,$ what is her capital

gain or loss in each of the following assumptions?

Note: Do not round intermediate calculations.

Problem $7-42$ Part$-$b $($Algo$)$

b$.$ She uses the specific identification method and she wants to minimize her current$-$year capital gain.

Capital gain