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Augustus1 Augustus1
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7 years ago
On January 31 of the current year, Sophia pays $1,000 for an option to acquire 100 shares of Texas Corporation common stock for $105 per share at any time prior to December 31. Sophia does not exercise the option. Which of the following statements is correct?
A) Sophia may recognize a $1,000 STCL.
B) Sophia may recognize a $1,000 LTCL.
C) Sophia may recognize a $1,000 ordinary income.
D) Sophia may not recognize a loss.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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Augustus1 Author
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#2
7 years ago
You're a saint, honestly

Thank you
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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