Option 4. Corporate stock in taxpayer's investment portfolio is NOT considered to be an ordinary asset.
Ordinary assets, such as stock or property held for sale, like inventories, are typically employed in the regular course of the taxpayer's business or trade.
Contrarily, ordinary assets are possessions that the taxpayer uses in the course of their business or trades or that they hold in order to sell to customers.
Any real estate held by a taxpayer that is not included in the list of real estate that is deemed to be ordinary assets under Section 39(A)(1) of the Code is referred to as capital assets, regardless of whether it is related to the taxpayer's trade or business. 4. Real estate used by the taxpayer in their trade or company.
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