In $2023,$ Tom and Alejandro Jackson $($married filing jointly$)$ have $$248,000$ of taxable income before considering the following events: $($Use the dividends and capital gains tax rates and tax rate schedules.$)$

On May $12,2023,$ they sold a painting $($art$)$ for $$116,000$ that was inherited from Grandma on July $23,2021.$ The fair market value on the date of Grandma's death was $$93,000,$ and Grandma's adjusted basis of the painting was $$26,200.$

They applied a long$-$term capital loss carryover from $2022$ of $$10,600.$

They recognized a $$12,300$ loss on the $11/1/2023$ sale of bonds $($acquired on $5/12/2013).$

They recognized a $$4,360$ gain on the $12/12/2023$ sale of IBM stock $($NYSE: IBM$)($acquired on $2/5/2023).$

They recognized a $$18,440$ gain on the $10/17/2023$ sale of rental property $($the only $1231$ transaction$),$ of which $$8,960$ is reportable as gain subject to the $25$ percent maximum rate and the remaining $$9,480$ is subject to the $0,15,$ or $20$ percent maximum rates $($the property was acquired on $8/2/2017).$

They recognized a $$12,600$ loss on the $12/20/2023$ sale of bonds $($acquired on $1/18/2023).$

They recognized a $$7,300$ gain on the $6/27/2023$ sale of BH stock $($acquired on $7/30/2014).$

They recognized an $$11,600$ loss on the $6/13/2023$ sale of QuikCo stock $($acquired on $3/20/2016).$

They received $$740$ of qualified dividends on $7/15/2023.$

Complete the required capital gains netting procedures and calculate the Jacksons' $2023$ tax liability.