In 2015, Michael has net short-term capital losses of $1,500, a net long-term capital loss of $27,000, and other ordinary taxable income of $45,000.

If an amount is zero, enter "0".

a.Calculate the amount of Michael's deduction for capital losses on his tax return for 2015. $

b.Calculate the amount and nature of his capital loss carryforward. $Long-term capital loss carryforward $Short-term capital loss carryforward

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