Question 2 of 75. Once a stock option holder purchases an option, all of the following are potential results for the option contract EXCEPT: Allowed to expire. Exercised Split Sold back to the writer. O Mark for follow up Question 3 of 75. Which of the following taxpayers will report their rental income on Schedule C? Jason has short-term rental units in his home and provides substantial personal services for all tenants. Karen makes management decisions regarding her rental and participates in the activity for more than 500 hours. Tom, a real estate professional, rents several single family homes without personal services provided and doesn't sell real estate in the ordinary course of business Levi turned his personal home into a rental after making some repairs and improvements