3 045 points H Pret Retererices In 2022. Tom and Alejandro Jackson (married filing jointly) have...

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3 045 points H Pret Retererices In 2022. Tom and Alejandro Jackson (married filing jointly) have $204,000 of taxable income before considering the following events (Use the dividends and capital gains tax rates and tax rate schedules.) a. On May 12, 2022, they sold a painting (art) for $110,500 that was inherited from Grandma on July 23, 2020. The fair market value on the date of Grandma's death was $90.250, and Grandma's adjusted basis of the painting was $25,100. b. They applied a long term capital loss carryover from 2021 of $10,050 c. They recognized a $12.025 loss on the 11/1/2022 sale of bonds (acquired on 5/12/2012) d. They recognized a $4,030 gain on the 12/12/2022 sale of IBM stock (acquired on 2/5/2022). e. They recognized a $17120 gain on the 10/17/2022 sale of rental property (the only $1231 transaction), of which $8,080 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,040 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2016) f. They recognized a $12.050 loss on the 12/20/2022 sale of bonds (acquired on 1/18/2022). g. They recognized a $7,025 gain on the 6/27/2022 sale of BH stock (acquired on 7/30/2013). h. They recognized an $11,050 loss on the 6/13/2022 sale of QuikCo stock (acquired on 3/20/2015). 1. They received $520 of qualified dividends on 7/15/2022 After completing the required capital gains netting procedures, what will be the Jacksons' 2022 tax liability? Total lax bability 3 045 points H Pret Retererices In 2022. Tom and Alejandro Jackson (married filing jointly) have $204,000 of taxable income before considering the following events (Use the dividends and capital gains tax rates and tax rate schedules.) a. On May 12, 2022, they sold a painting (art) for $110,500 that was inherited from Grandma on July 23, 2020. The fair market value on the date of Grandma's death was $90.250, and Grandma's adjusted basis of the painting was $25,100. b. They applied a long term capital loss carryover from 2021 of $10,050 c. They recognized a $12.025 loss on the 11/1/2022 sale of bonds (acquired on 5/12/2012) d. They recognized a $4,030 gain on the 12/12/2022 sale of IBM stock (acquired on 2/5/2022). e. They recognized a $17120 gain on the 10/17/2022 sale of rental property (the only $1231 transaction), of which $8,080 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,040 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2016) f. They recognized a $12.050 loss on the 12/20/2022 sale of bonds (acquired on 1/18/2022). g. They recognized a $7,025 gain on the 6/27/2022 sale of BH stock (acquired on 7/30/2013). h. They recognized an $11,050 loss on the 6/13/2022 sale of QuikCo stock (acquired on 3/20/2015). 1. They received $520 of qualified dividends on 7/15/2022 After completing the required capital gains netting procedures, what will be the Jacksons' 2022 tax liability? Total lax bability