A painting that is not of investment quality is acquired by an individual for use in his home. It is later sold at a loss of $45. Which of the following statements is correct?

a.The loss on the painting is not deductible.

b.The loss on the painting is a deductible capital loss.

c.The painting was an ordinary asset.

d.The painting was a capital asset.

e."The painting was a capital asset" and "The loss on the painting is not deductible".