During $2023,$ your clients, Mr$.$ and Mrs$.$ Howell, owned the following investment assets:

$*$No commissions are charged when no$-$load mutual funds are bought and sold.

Because of the downturn in the stock market, Mr$.$ and Mrs$.$ Howell decided to sell most of their stocks and the mutual

fund in $2023$ and to reinvest in municipal bonds. The following investment assets were sold in $2023$:

$*$No commissions are charged when no$-$load mutual funds are bought and sold.

The Howells' broker issued them a Form $1099-$B showing the sales proceeds net of the commissions paid. For

example, the IBM sales proceeds were reported as $$13,600$ on the Form $1099-B$ they received.

In addition to the sales reflected in the table above, the Howells provided you with the following additional information

concerning $2023$:

The Howells received a Form $1099-$B from the Vanguard mutual fund reporting a $$900$ long$-$term capital gain

distribution. This distribution was reinvested in $31$ additional Vanguard mutual fund shares on $6/30/2023.$

In $2017,$ Mrs$.$ Howell loaned $$6,000$ to a friend who was starting a new multilevel marketing company called LD$3.$

The friend declared bankruptcy in $2023,$ and Mrs$.$ Howell has been notified she will not be receiving any repayment

of the loan.

The Howells have a $$2,300$ short$-$term capital loss carryover and a $$4,800$ long$-$term capital loss carryover from

prior years.

The Howells did not instruct their broker to sell any particular lot of IBM stock.

The Howells earned $$3,000$ in municipal bond interest, $$3,000$ in interest from corporate bonds, and $$4,000$ in

qualified dividends.

Assume the Howells have $$130,000$ of wage income during the year.

The Howells' broker issued them a Form $1099-$B showing the sales proceeds net of the commissions paid. For

example, the IBM sales proceeds were reported as $$13,600$ on the Form $1099-B$ they received.

In addition to the sales reflected in the table above, the Howells provided you with the following additional information

concerning $2023$:

The Howells received a Form $1099-$B from the Vanguard mutual fund reporting a $$900$ long$-$term capital gain

distribution. This distribution was reinvested in $31$ additional Vanguard mutual fund shares on $6/30/2023.$

In $2017,$ Mrs$.$ Howell loaned $$6,000$ to a friend who was starting a new multilevel marketing company called LD$3.$

The friend declared bankruptcy in $2023,$ and Mrs$.$ Howell has been notified she will not be receiving any repayment

of the loan.

The Howells have a $$2,300$ short$-$term capital loss carryover and a $$4,800$ long$-$term capital loss carryover from

prior years.

The Howells did not instruct their broker to sell any particular lot of IBM stock.

The Howells earned $$3,000$ in municipal bond interest, $$3,000$ in interest from corporate bonds, and $$4,000$ in

qualified dividends.

Assume the Howells have $$130,000$ of wage income during the year.