Which One of the Following Is True About Section 1231

Which one of the following is true about Section 1231 assets?

A) Section 1231 assets are treated like capital assets when they produce losses on sale.
B) Business property held 1 year or less is considered a Section 1231 asset.
C) Section 1231 assets include company stock.
D) Section 1231 asset losses must be netted against 1231 asset gains before tax treatment is determined.
E) All of the above are false.