Question

On January 17, 2019, Meredith purchased a put option for $250. The option expired on August...

On January 17, 2019, Meredith purchased a put option for $250. The option expired on August 17, 2019. What should Meredith report on her 2019 return?
A. $250 of investment expense.
B. $250 of long-term capital gain.
C. $250 of short-term capital loss.
D. No gain, loss, or expense related to this transaction.

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