In $2024,$ Tom and Alejandro Jackson $($married fling jointly$)$ hawe $$210,000$ of ordinary taxable income before considering the following eventr: $($Use the dividends and canital gains tax rates and tax rate schedules.$)$

a$.$ On May $12,2024,$ they sold a painting $($art$)$ for $$110,000$ that was inherited from Grandma on Juty $23,2022.$ The fair market value on the date of Grandma's death was $$90,000,$ and Grandma's adjusted basis of the painting was $$25,000.$

b$.$ They applled a long$-$termi capital loss carryover from $2023$ of $$10,000.$

c$.$ They recognized a $$12,000$ loss on the $\frac{11}{1}\frac{?}{2024}$ sale of bonds $($acquired on $\frac{5}{12}\frac{?}{2014}).$

d$.$ Thry recognired a $$4,000$ gain on the $\frac{12}{12}\frac{?}{2024}$ sale of IBM stock $($NYSE: IBM$)($acquired on $2/5/2024).$

e$.$ They recognized a $$17,000$ gain on the $\frac{10}{17}\frac{?}{2024}$ sale of rental property $($the only $51231$ transaction$),$ of which $$8,000$ is reportable as gain subject to the $25$ percent maximum rate and the remaining $$9,000$ is subject to the $0,15,$ or $20$ percent maximum rates $($the property was acquired on $\frac{8}{2}\frac{?}{2018}).$

f$.$ They recognized a $$12,000$ loss on the $\frac{12}{20}\frac{?}{2024}$ sale of bonds $($acquired on $\frac{1}{18}\frac{?}{2024}).$

$9.$ They recognlzed a $$7,000$ gain on the $\frac{6}{27}\frac{?}{2024}$ sale of BH stock $($acquired on $7/30/2015).$

h $.$ They recognized an $$11,000$ loss on the $\frac{6}{13}\frac{?}{2024}$ sale of QuikCo stock $($acquired on $\frac{3}{20}\frac{?}{2017}).$

i$.$ They received $$500$ of qualified dividends on $\frac{7}{15}\frac{?}{2024}.$

Comptile the required capitat galns netting procedures and calculate the Jacksons' $2024$ tax liablity.

Total tan labity$2024$ Tax Rate Schedules

Individuals

Schedule X$-$Single

$\backslash$table$[[$If taxable income is over:,But not over:,$],[$$$0,$$$11,600,10\%$ of taxable income$],[$$$11,600,$$$47,150,$$$1,160$ plus $12\%$ of the excess over $$11,600$