Question: On June 1 , 2 0 2 1 , Brady purchased an option to buy 1 , 0 0 0 shares of General, Inc. at
On June Brady purchased an option to buy shares of General, Inc. at $ per share. He purchased the option for $ It was to remain in effect for five months. The market experienced a decline during the latter part of the year, so Brady decided to let the option lapse as of December On his tax return, what should Brady report?
Group of answer choices
A $ longterm capital loss.
A $ shortterm capital loss.
A $ loss.
A $ ordinary loss.
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