Business, 23.07.2019 00:10, StephenCurry34

On february 1, year 1, a taxpayer purchased an option to buy 1,000 shares of xyz co. for $200 per share. the taxpayer purchased the option for $50,000, which was to remain in effect for 6 months. the market declined, and the taxpayer let the option lapse on august 1, year 1. the taxpayer would report which of the following as a capital loss on the year 1 income tax return?

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On february 1, year 1, a taxpayer purchased an option to buy 1,000 shares of xyz co. for $200 per sh...