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In addition to the sales reflected in the table above, the Howells provided you with the following additional information concerning 2023: - The Howells recelved

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In addition to the sales reflected in the table above, the Howells provided you with the following additional information concerning 2023: - The Howells recelved 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 LD3. The friend declared bankruptcy in 2023, and Mrs. Howell has been notifled 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. -3. Compute the Howells' tax liability for the year (ignoring the alternative minimum tax and any phase-out provisions) assuming they ile 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, Dlvidends and Capital Gains. Tax Ratess) 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

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