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On February 17, 2023, Jilly purchased a put option for $1,000. She did not exercise this option, and it expired on June 17, 2023. How
On February 17, 2023, Jilly purchased a put option for $1,000. She did not exercise this option, and it expired on June 17, 2023. How should this transaction be reported on Jilly's 2023 return? $1,000 of investment expense. $1,000 of long-term capital gain. $1,000 of short-term capital loss. It is not reportable, as there is no gain, loss, or expense related to this transaction
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