In addition to the sales reflected in the table above, the Howells provided you with the following additional information

concerning $2023$:

The Howells received a Form $1099-$B from the Vanguard mutual fund reporting a $$900$ long$-$term capital gain

distribution. This distribution was reinvested in $31$ additional Vanguard mutual fund shares on $6/30/2023.$

In $2017,$ Mrs$.$ Howell loaned $$6,000$ to a friend who was starting a new multilevel marketing company called LD$3.$ The

friend declared bankruptcy in $2023,$ and Mrs$.$ Howell has been notified she will not be receiving any repayment of the

loan.

The Howells have a $$2,300$ short$-$term capital loss carryover and a $$4,800$ long$-$term capital loss carryover from prior

years.

The Howells did not instruct their broker to sell any particular lot of IBM stock.

The Howells earned $$3,000$ in municipal bond interest, $$3,000$ in interest from corporate bonds, and $$4,000$ in

qualified dividends.

Assume the Howells have $$130,000$ of wage income during the year.

a$-3.$ Compute the Howells' tax liability for the year $($ignoring the alternative minimum tax and any phase$-$out provisions$)$ assuming they

file a joint return, they have no dependents, they don't make any special tax elections, and their itemized deductions total $$30,000.$

$($Use the tax rate schedules, Dividends and Capital Gains Tax Rates.$)$

Answer is complete but not entirely correct.

Howells' tax liability for the year

c$.$ Assume the Howells' short$-$term capital loss carryover from prior years is $$82,300$ rather than $$2,300$ as indicated above. If this is

the case, how much short$-$term and long$-$term capital loss carryovers remain to be carried beyond $2023$ to future tax years?

Note: Leave no cells blank $-$ be certain to enter $"0"$ wherever required.

Answer is complete but not entirely correct.