Which of the following taxpayers would be subject to the Section 1231 lookback rule?

a. Gun-Joh sold depreciable business property held for more than one year at a gain this year and has Section 1231 losses in the prior year.

b. Tawny sold business property held for less than one year at a gain.

c. Hubie sold depreciable business property held for more than one year at a loss this year and has Section 1231 gains in the prior year.

d. Li sold inventory at a loss in the prior year due to obsolescence but returned to profitable inventory sales in the current year.