In 2022, Michael has net short-term capital losses of $1,700, a net long-term capital loss of $17,000, 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 for 2022.

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

• Fill in the blank of $ Long-term capital loss carryforward
• Fill in the blank of $ Short-term capital loss carryforward

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

• 3 Years
• 5 Years
• 15 Years
• Indefinitely