In $2023,$ 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 $"0."$

Question Content Area

a$.$ Calculate the amount of Michael's deduction for capital losses for $2023.$

Question Content Area

b$.$ Calculate the amount and nature of his capital loss carryforward.

Long$-$term capital loss carryforward

$0$

Short$-$term capital loss carryforward