Question: On June 1 , 2 0 2 4 Brady purchased an option to buy 1 0 0 0 shares of General Inc. at $ 4

On June 1,2024 Brady purchased an option to buy 1000 shares of General Inc. at $40 per share. He purchased the option for 3000. It was to remain in effect for five months the market experienced to decline during the latter part of the year, so Brady decided to let the option slaps as of December 1,2024 on his 2024 tax return what should Brady report a $3000 long-term capital loss a 30001231 loss a 3000 ordinary loss a 3000 short term capital loss

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