Question 48 2 pts Bo Which of the following is not a capital asset as defined by the Code? 1. Inventory held primarily for resale in the ordinary course of business 2. Supplies used in the ordinary course of business 3. Depreciable property and land used in a trade or business. 4. Botha and b 5. All of these 1 02 03 O Question 49 2 pts During 2020, Randy Rooney recognizes a $13,000 short-term capital loss, an $8.000 long-term capital loss and a $9,000 short-term capital gain. What is the amount and nature of Randy's capital loss carryover to 2021? 1. $4,000 short-term, $8,000 long-term. 2. $4,000 short-term: $5,000 long-term 3. $1,000 short-term: $5,000 long-term 4. $1,000 short-term: $8,000 long term. 5 none of these