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.$

They applied a long$-$term capital loss carryover from $2023$ of $$10,000.$

They recognized a $$12,000$ loss on the $11/1/2024$ sale of bonds $($acquired on $5/12/2014).$

They recognized a $$4,000$ gain on the $12/12/2024$ sale of IBM stock $($NYSE: IBM$)($acquired on $2/5/2024).$

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 $0,15,$ or $20$ percent maximum rates $($the property was acquired on $8/2/2018).$

They recognized a $$12,000$ loss on the $12/20/2024$ sale of bonds $($acquired on $1/18/2024).$

They recognized a $$7,000$ gain on the $6/27/2024$ sale of BH stock $($acquired on $7/30/2015).$

They recognized an $$11,000$ loss on the $6/13/2024$ sale of QuikCo stock $($acquired on $3/20/2017).$

They received $$500$ of qualified dividends on $7/15/2024.$