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Hammad had two sales of capital assets during the year. He sold artwork, purchased 9 years ago, for a gain of $12,000 and sold stock
Hammad had two sales of capital assets during the year. He sold artwork, purchased 9 years ago, for a gain of $12,000 and sold stock purchased two years ago, resulting in a gain of $37,000. His total long-term capital gain for the year is $49,000. What is Hammad's adjusted net capital gain (ANCG) for the year
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