$$ The Howells have a $$3,000$ short$-$term capital loss carryover and a $$5,500$ long$-$term capital loss carryover from prior years.

The Howls did net sut therer one anest suas to rames rom corporate bonds, and $$4,700$ in qualfeid dividense

$$ Assume the Howells have $$147,500$ of wage income during the year.

the howells did not instruct thier broker to sell any particular lot of IBM stock

c$.$ Assume the Howells' short$-$term capital loss carryover from prior years is $$83,000$ rather than $$3,000$ 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?

Short$-$term capital loss

Long$-$term capital loss

a$.$ 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.$)$

Howells' tax liability for the year