Question: On July 1, 2011, Kim Wald sold an antique for $12,000 that she had bought for her personal use in 2009 at a cost of

On July 1, 2011, Kim Wald sold an antique for $12,000 that she had bought for her personal use in 2009 at a cost of

$15,000. In her 2011 return, Kim should treat the sale of the antique as a transaction resulting in

a. A nondeductible loss.

b. Ordinary loss.

c. Short-term capital loss.

d. Long-term capital loss.

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