Sam has the following recognized gains and losses from disposition of 1231 assets (all the assets were land used in a business) : $15,000 gain, $10,000 loss, $25,000 gain, and $2,000 loss. The individual has a $6,500 nonrecaputured 1231 lookback loss. Sam also has a $16,000 net ST capital loss from the disposition of stock held as an investment.
What is Sam's recognized ordinary gain/loss?
What is Sam's recognized Net LTCG?
Please explain and show work.