Question
Ellen purchased a PQR December 45 Call on October 4, 2019, for $400. The option gave her the right to buy 100 shares of PQR
Ellen purchased a PQR December 45 Call on October 4, 2019, for $400. The option gave her the right to buy 100 shares of PQR stock for $45 a share. She sold the option for $500 on December 17, 2019, when the price of the stock was $48 a share. Ellen will report a capital gain of _________ on her 2019 return.
$0
$100
$150
$200
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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