Problem 4-7 Calculation of Gain or Loss and Net Capital Losses (LO 4.4, 4.5) 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. $ 3,000 Feedback Check My Work b. Calculate the amount and nature of his capital loss carryforward. 0 X Long-term capital loss carryforward Short-term capital loss carryforward Feedback Check My Work Partially correct c. For how long may Michael carry forward the unused loss? Indefinitely Feedback