match the character of the asset with its use and holding period. ordinary ordinary drop zone empty. sec. 1231 sec. 1231 drop zone empty. short-term capital short-term capital drop zone empty. long-term capital long-term capital drop zone empty. Long-term Capital
Long-term Capital drop zone empty.
Asset used in trade or business, held one year or less
Asset used in trade or business held more than one year
Asset held for investment or used personally, held one year or less
Asset held for investment or used personally, held more than one year