is a single taxpayer with taxable income of $$650,000$ excluding the below transactions. Barry deducted a net $1231$ loss of $$7,000$ in $2021$ and did not report any $1231$ transactions in $2017$ through $2020.$ He sells the following assets in $2023$ : Stock with a FMV of $$19,000$ and a basis of $$27,500$ that he purchased $10$ months ago. Stock with a FMV of $ $40,500$ and basis of $ $28,000$ that he purchased seven years ago $.$ A collectible Rolex watch that he inherited from his dad $9$ years ago for $$69,000.$ The FMV of the watch at the date of death was $$50,000$ per an independent appraisal, and his dad's basis in the watch was $$32,000.$ REQUIRED: What is the total tax due or tax savings related to the above transactions? What are the amounts and characters of any gain$/($loss$)$ carryovers?