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16 Vertigo, Inc., has a 2021 net 1231 loss of $64,000 and had a $32,000 net 1231 gain in 2020. For 2021, Vertigo's net 1231

16 Vertigo, Inc., has a 2021 net 1231 loss of $64,000 and had a $32,000 net 1231 gain in 2020. For 2021, Vertigo's net 1231 loss is treated as:

a.Ordinary gain.

b.Capital gain

c.Capital loss

d.Ordinary loss.

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