In the current year, Norris, an individual, has $62,000 of ordinary income, a net short-term capital loss (NSTCL) of $8,800 and a net long-term capital gain (NLTCG) of $4,000. From his capital gains and losses, Norris reports: Multiple Choice an offset against ordinary income of $3,000 and an NSTCL carryforward of $5,800 an offset against ordinary income of $3.000 and an NSTCL carryforward of $4,800. an offset against ordinary income of $4,000 and an NSTCL carryforward of $4,800, an offset against ordinary income of $3,000 and an NSTCL carryforward of $1,800. an offset against ordinary income of $8,800.