In 2021, Tom and Amanda Jackson (married filing jointly) have $244,000 of taxable income before considering the following events: (Use the dividends and capital gains tax rates and tax rate schedules.)

1. On May 12, 2021, they sold a painting (art) for $115,500 that was inherited from Grandma on July 23, 2019. The fair market value on the date of Grandmas death was $92,750 and Grandmas adjusted basis of the painting was $26,100.
2. They applied a long-term capital loss carryover from 2020 of $10,550.
3. They recognized a $12,275 loss on the 11/1/2021 sale of bonds (acquired on 5/12/2011).
4. They recognized a $4,330 gain on the 12/12/2021 sale of IBM stock (acquired on 2/5/2021).
5. They recognized a $18,320 gain on the 10/17/2021 sale of rental property (the only 1231 transaction), of which $8,880 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,440 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2015).
6. They recognized a $12,550 loss on the 12/20/2021 sale of bonds (acquired on 1/18/2021).
7. They recognized a $7,275 gain on the 6/27/2021 sale of BH stock (acquired on 7/30/2012).
8. They recognized an $11,550 loss on the 6/13/2021 sale of QuikCo stock (acquired on 3/20/2014).
9. They received $720 of qualified dividends on 7/15/2021. After completing the required capital gains netting procedures, what will be the Jacksons 2021 tax liability?