In 2016, Michael has net short-term capital losses of $1,500, a net long-term capital loss of $27,000,

Question:

In 2016, Michael has net short-term capital losses of $1,500, a net long-term capital loss of $27,000, and other ordinary taxable income of $45,000.
a. Calculate the amount of Michael's deduction for capital losses for 2016.
$ ______________
b. Calculate the amount and nature of his capital loss carryforward.
$ ______________
c. For how long may Michael carry forward the unused loss?
$ ______________