As a General Rule, the Sale or Exchange of an Option

question 45

True/False

As a general rule, the sale or exchange of an option to buy or sell property results in capital gain or loss if the property subject to the option is (or would be) a capital asset in the hands of the option holder.

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Definitions:

Class Rank

A measure that indicates a student's academic performance relative to their peers, often used for college admissions or award determinations.

Frequency Distribution

An arrangement of data that shows how often each value in a dataset occurs.

Pie Chart

A graphical representation of data that divides a whole into slices to illustrate numerical proportion.

Total Percentages

The sum of all percentage values in a given data set, which should ideally equal 100% if they are exhaustive and mutually exclusive categories.