Question 8 (1 point) Select the appropriate tax treatment with the list of various types of individual or business entity transactior Section 1231 gain or loss 1. Gains from sale of stock held for 9 months. 2. Gains are long-term capital gains and losses are ordinary if held for more than one year. Short term capital gain 3. Results from the recapture of depreciation on real property. Ordinary Income or loss 4. Gain on the sale of personal jewelry held long term. Section 1250 gain 5. Loss on the sale of the personal residence lived in by the taxpayer and held long term. Not deductible Long-term capital gain 6. Results from the sale of assets, such as land, buildings, or equipment, used in a trade or business for one year or less