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Câu 10: SERIES-7: General Securities Representative Qualification Examination (GS)

In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba exercises the put option and uses his stock for delivery. What is his resulting tax consequence?

Nội dung câu hỏi

In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba exercises the put option and uses his stock for delivery. What is his resulting tax consequence?

Các lựa chọn

Đáp án được giữ gọn theo nhãn A, B, C, D trong phần bình chọn tương tác.

  1. A. a $600 capital loss — đáp án hiện tại
  2. B. neither profit nor loss
  3. C. cannot be determined without knowing the market price of XYZ upon exercise
  4. D. this is a wash sale and cannot be included in the investor’s tax calculations

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