Identify what type of gain or loss would be generated by the sale or exchange of the following assets (i.e. ordinary, capital, or Sec. 1231)

a. real estate lots sold by a developer __________________ b. IBM stock held by an investor __________________ c. a machine used in a trade or business and held for 5 years _______________ d. a machine used in a trade or business and held for 9 months ______________ e. a turkey held for 18 months ________________________