Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 17, 2017, marina purchased a put option

On January 17, 2017, marina purchased a put option for $400. The option expired on...

80.2K

Verified Solution

Question

Accounting

On January 17, 2017, marina purchased a put option for $400. The option expired on August 19, 2017. What Should marina report on her 2017 return?
A. $400 of investment expense
B. $400 of long-term capital gain
C. $400 of short term capital loss
D. No gain, loss, or expense related to this transaction.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Can someone please answer the following 10 Multiple choice questions? Thank you. An analyst needs to build...

Statistics
Q

Design a concrete mix for reinforced concrete beams of a structure. The structure is located in...

Civil Engineering
Q

Write a 2-3 page paper in which you summarize the strengths and weaknesses of Piaget’s stages...

Psychology
Q

Have you ever had a formal career plan? If so, briefly describe the plan. If not, describe...

General Management
Q

Find the antiderivativ ds dt 11t 4t 7

Calculus
Q

Evaluate the following statement as true or false:A negative a value in f(x) = a...

Algebra
Q

It is acceptable to leave check stock unsecured in your office...

Accounting
Q

Control Risk Assessment: Control risk assessment is an integral part of the audit process that...

Accounting
Q

During 2023. Harmony Co. sold $524,000 of merchandise at marked retail prices, At the end...

Accounting
Q

1) Which of the following items are reconciling items on the bank side of the...

Accounting
Q

are expected to be $44,000 in each quarter. Prepare the selling and administrative expense budget...

Accounting
Q

QUESTION 2 The accountant provides a statement of cash flows. Conceptually, if you take the...

Finance