Which of the following statements is correct with respect to the disposition of a valuable coin collection? A) If a loss occurs, it cannot be deducted against any source of income. B) If a loss occurs, one-half of this amount can be applied against one-half of any capital gain. C) If a gain occurs, one-half of this amount can be offset by allowable capital losses on any disposition of capital property. D) If a gain occurs, it will not be taxed because this is personal use property. E) None of the above.