In 2023, Tom and Alejandro Jackson (married filing jointly) have $208,000 of taxable income before...

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Accounting

In 2023, Tom and Alejandro Jackson (married filing jointly) have $208,000 of taxable income before considering the following events (Use the dividends and capital gains tax rates and tax rate schedules.)
a. On May 12,2023, they sold a painting (art) for $111,000 that was inherited from Grandma on July 23,2021. The fair market value on the date of Grandma's death was $90,500, and Grandma's adjusted basis of the painting was $25,200.
b. They applied a long-term capital loss carryover from 2022 of $10,100.
c. They recognized a $12,050 loss on the 11/1/2023 sale of bonds (acquired on 512?2013).
d. They recognized a $4,060 gain on the 1212?2023 sale of IBM stock (NYSE:IBM)(acquired on 25?2023).
e. They recognized a $17,240 gain on the 1017?2023 sale of rental property (the only $1231 transaction), of which $8,160 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,080 is subject to the 0,15, or 20 percent maximum rates (the property was acquired on 8/2/2017).
f. They recognized a $12,100 loss on the 12? I 02023 sale of bonds (acquired on 118?2023).
9. They recognized a $7,050 gain on the 627?2023 sale of BH stock (acquired on 730?2014).
h. They recognized an $11,100 loss on the 6/13/2023 sale of QuikCo stock (acquired on 3/20/2016).
i. They received $540 of qualified dividends on 715?2023.
Complete the required capital gains netting procedures and calculate the Jacksons' 2023 tax liability.
Total tax liability
Please make sure it is correct.
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