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In the current year, Norris, an individual, has $64,000 of ordinary income, a Net Short Term Capital Loss (NSTCL) of $8,600 and a Net Long

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In the current year, Norris, an individual, has $64,000 of ordinary income, a Net Short Term Capital Loss (NSTCL) of $8,600 and a Net Long Term Capital Gain (NLTCG) of $4,200. From his capital gains and losses, Norris reports: Multiple Choice an offset against ordinary income of $3000 and a NSTCL caryforwerd of $1400 on offset against ordinary income of $4,200 and & NSTCL erryforward of $4.400 an offset egainst ordinary i income of $3.000 and a NSTCL carryforward of $5.600 on offset agsinst ordinary income of $8.600 an offset against ordinary income of $3,000 and & NSTCL carytorward of $4 400

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