[ANSWERED] 1. When is livestock considered Sec. 1231 property? 2.When is a nee Sec. 1231 gain treated as ord…

1. When is livestock considered Sec. 1231 property?
2.When is a nee Sec. 1231 gain treated as ord inary income?
3. Carlie who is single has a Sec. 1231 gain of
$10,000 and no Sec. 1231 losses during the current year.
Explain wh y the gain might be taxed at
(a) 15%, (b) 37%, (c) 25%, (d) 20 %, or (e) zero