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Marketable Securities Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2022. View the marketable securities. Determine whether the gains
Marketable Securities Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2022. View the marketable securities. Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2022. (Use parentheses or a minus sign for loss amounts.) Phil's 2022 net capital gain is Phil's 2022 adjusted net capital gain is 16400
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