What should maria report on return

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Problem 1: On January 17, 2029, Maria purchased a put option for $400. The option expired on August 19, 2018. What should Maria report on her 2019 return?

Option 1: $400 of investment expense

Option 2: $400 of long-term capital gain.

Option 3: $400 of short-term capital loss.

Option 4: No gain, loss, or expense related to this transaction.

Reference no: EM132700085

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