In May 2013, Olga purchased a playground set at a garage sale for $100. Olga is not in the business of buying and selling anything. Olga researched the playground set online and discovered it was worth $300. In July 2013, Olga sold the playground set through an auction website for that amount (i.e., $300). Which of the following is TRUE considering these transactions?
a. Olga does not have any income
b. Had Olga sold the playground set for $50, Olga could have deducted a $50 ordinary loss
c. Olga has a $200 short-term capital gain
d. Olga has a $200 long-term capital gain