In: Accounting
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 |
Calculation of short-term and long-term capital gain or loss are as follows:
Results of the excel sheet are as follows:
d. Overall net capital gain is $8,670, which is taxable at a preferential rate of 24%.