Lisa sold a set a set of antique silverware for $20,000. She purchased the silverware 5 years ago for $15,000.

What is the character for any recognized gain or loss?

Ordinary income

deductible ordinary loss or Sec 1231 loss

non-deductible loss

Sec 1231 gain

28% gain

short-term capital gain

short-term capital loss

long-term capital gain

long-term capital loss