Milton has the following transactions related to his investments and his business during 2016: 
a.Determine the amount and character of each gain or loss.
b.Determine the effect of the gains and losses on Milton's 2014 adjusted gross income. You must present the calculations in proper form to receive full credit.
Definitions:
Rights-On Period
A defined timeframe during which shareholders can purchase additional shares before the public.
Dutch Auction
A type of auction where the auctioneer starts with a high asking price and lowers it until a participant is willing to accept the auctioneer's price, or a predetermined minimum price is reached.
Selling Shares
Selling shares refers to the act of disposing of ownership in a company by selling stock in the financial market, often to realize capital gains or liquidate an investment.
Dutch Auction
A bidding strategy where the auctioneer starts with a high asking price which is lowered until some participant is willing to accept the auctioneer's price.
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