In $2023,$ Tom and Alejandro Jackson $($married filing jointly$)$ have $$280,000$ of taxable

income before considering the following events: $($Use the dividends and capital gains tax

rates and tax rate schedules.$)$

a$.$ On May $12,2023,$ they sold a painting $($art$)$ for $$120,000$ that was inherited from

Grandma on July $23,2021.$ The fair market value on the date of Grandma's death was

$$95,000,$ and Grandma's adjusted basis of the painting was $$27,000.$

b$.$ They applied a long$-$term capital loss carryover from $2022$ of $$11,000.$

c$.$ They recognized a $$12,500$ loss on the $11/1\frac{?}{2023}$ sale of bonds $($acquired on

$5/12/2013).$

d$.$ They recognized a $$4,600$ gain on the $\frac{12}{12}\frac{?}{2023}$ sale of IBM stock $($NYSE: IBM$)$

$($acquired on $\frac{2}{5}\frac{?}{2023}).$

e$.$ They recognized a $$19,400$ gain on the $\frac{10}{17}\frac{?}{2023}$ sale of rental property $($the only

$$1231$ transaction$),$ of which $$9,600$ is reportable as gain subject to the $25$ percent

maximum rate and the remaining $$9,800$ is subject to the $0,15,$ or $20$ percent

maximum rates $($the property was acquired on $\frac{8}{2}\frac{?}{2017}).$

f$.$ They recognized a $$13,000$ loss on the $\frac{12}{20}\frac{?}{2023}$ sale of bonds $($acquired on

$\frac{1}{18}\frac{?}{2023}).$

g$.$ They recognized a $$7,500$ gain on the $\frac{6}{27}\frac{?}{2023}$ sale of $BH$ stock $($acquired on

$7/30/2014).$

h$.$ They recognized an $$12,000$ loss on the $\frac{6}{13}\frac{?}{2023}$ sale of QuikCo stock $($acquired on

$3/20/2016).$

i$.$ They received $$900$ of qualified dividends on $\frac{7}{15}\frac{?}{2023}.$

Complete the required capital gains netting procedures and calculate the

Jacksons' $2023$ tax liability.