need help with homework

Question

#9b In 2015, 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.

How long may Michael carry forward the unused loss?
A. None of the choices
B. 7 years
C. 5 years
D. 10 years
E. 3 years

Answer 1

As far as I can determine, individuals can carry capital losses over to future years indefinitely. Corporations are limited to 3 years of carrybacks and 5 years of carryforwards. I can find no limit for individuals. so the answer should b A.