$49.[$LO $2]$ In $2024$ Tom and Alejandro Jackson $($married filing jointly$)$ have $$210,000$ of ordinary taxable income before considering the following events: a$)$ On May $12,2024,$ they sold a painting $($art$)$ for $$110,000$ that was inherited from Grandma on July $23,2022.$ The fair market value on the date of Grandma's death was $$90,000,$ and Grandma's adjusted basis of the painting was $$25,000.$ b$)$ They applied a long$-$term capital loss carryover from $2023$ of $$10,000.$ c$)$ They recognized a $$12,000$ loss on $11/1/2024$ sale of bonds $($acquired on $5/12/2014).$ d$)$ They recognized a $$4,000$ gain on $12/12/2024$ sale of IBM stock $($NYSE: IBM$)($acquired on $2/5/2024).$ e$)$ They recognized a $$17,000$ gain on the $10/17/2024$ sale of rental property $($the only $1231$ transaction$),$ of which $$8,000$ is reportable as gain subject to the $25$ percent maximum rate and the remaining $$9,000$ is subject to the $0/15/20$ percent maximum rates $($the property was acquired on $8/2/2018).$ f$)$ They recognized a $$12,000$ loss on $12/20/2024$ sale of bonds $($acquired on $1/18/2024).$ g$)$ They recognized a $$7,000$ gain on $6/27/2024$ sale of BH stock $($acquired on $7/30/2015).$ h$)$ They recognized an $$11,000$ loss on $6/13/2024$ sale of QuikCo stock $($acquired on $3/20/2017).$ i$)$ They received $$500$ of qualified dividends on $7/15/2024.$ Complete the required capital gains netting procedure