In the current year, Norris, an individual, has $69,000 of ordinary income, a Net Short Term Capital Loss (NSTCL) of $8,100 and a Net Long Term Capital Gain (NLTCG) of $4,700. From his capital gains and losses, Norris reports: Multiple Choice an offset against ordinary income of $8,100. an offset against ordinary income of $3,000 and a NSTCL carryforward of $5,100. an offset against ordinary income of $4,700 and a NSTCL carryforward of $3,400. an offset against ordinary income of $3,000 and a NSTCL carryforward of $3,400. an offset against ordinary income of $3,000 and a NSTCL carryforward of $400.