Austin reported a net short-term capital loss in 2020. He also reported net long- term capital gains, coming from the sale of assets that are classified as 28% rate gains, 25% rate gains, and 20% (or 0% or 15%) rate gains. Austin will: O use the short-term loss to offset the 0/15/20% rate gains first, then the 25% rate gains, and then the 28% rate gains. O use the short-term loss to offset the 28% rate gains first, then the 25% rate gains, and then the 0/15/20% rate gains. O carry the short-term loss forward since it cannot be used to offset long-term capital gains