She sold her boat that she used for personal purposes for $25,000. She bought it 4 years ago for $70,000.

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

short-term capital gain

short-term capital loss

long-term capital gain

long-term capital loss

28% gain