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Vertigo, Inc., has a 2020 net 1231 loss of $64,000 and had a $32,000 net 1231 gain in 2019. For 2020, Vertigo's net 1231 loss

Vertigo, Inc., has a 2020 net 1231 loss of $64,000 and had a $32,000 net 1231 gain in 2019. For 2020, Vertigo's net 1231 loss is treated as:

a.Capital loss.

b.Ordinary gain.

c.Capital gain.

d.Ordinary loss.

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