Chester provides you with the following income information for years 1 through 3, exclusive of capital loss carryovers:

Determine the amount and type of capital loss deduction each year, if any, and the carryover to the following year.

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SHORT-TERM CAPITAL LOSS $2,400 $1,700 $400 SHORT-TERM CAPITAL GAIN Year 1 Year 2 Year 3 LONG-TERM CAPITAL GAIN 400 $900 $300 LONG-TERM CAPITAL LOSS 3,500 $1,000 $500 500 $2,000