In 2019, 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 2019.

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

Long-term capital loss carryforward

Short-term capital loss carryforward