Patrick and Natalie Simmons sold stock that resulted in a short term capital loss of $5,000. They had no other capital transactions during the year. Their taxable income was $10,000. How much of the capital loss is deductible on their joint return and how much must be carried over to the next year?

A. $0 loss; $5000 carryover B. $1,500 loss; $1,500 carryover C. $3,000 loss; $0 carryover D. $3,000 loss; $2,000 carryover