LO 8.3 6. In 2010, Michael has net short-term capital losses of $2,000, a net long-term capital loss of $45,000, and other ordinary taxable income of $45,000.

a. Calculate the amount of Michael’s deduction for capital losses for 2010.

$ ____________

b. Calculate the amount and nature of his capital loss carryforward.

$ ____________

c. For how long may Michael carry forward the unused loss?

____________