Your client, Fitzgerald Grant has provided you with the following information regarding his tax years 2017 and 2018:

2017:

• Mr. Grant started an unincorporated business. Net business income earned for tax purposes in 2017 was $25,000.
• Realized a capital gain of $8,000

2018:

• Mr. Grant realized the following:

Business loss ($60,000)

Capital gains 6,000

Capital losses (12,000)

Required:

Mr. Grant has indicated that he would like to minimize his loss carryovers. Indicate the amount and type of any losses available for carry forward at the end of 2018.