This is for 2018 tax prep for 2017 tax year

26. In the current year, Estes has net short-term capital losses of $3,000, a net long-term capital loss of $45,000, and taxable income from wages of $35,000. Calculate the amount of Estes' deduction for capital losses for the current year. Calculate the amount and nature (short-term or long-term) of his capital loss carryforward For how many years may Estes carry the unused loss forward