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    Federal Taxation
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    Exam 16: Property Transactions: Capital Gains and Losses
  5. Question
    If the Holder of an Option Fails to Exercise the Option
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If the Holder of an Option Fails to Exercise the Option

Question 11

Question 11

True/False

If the holder of an option fails to exercise the option, the lapse of the option is considered a sale or exchange on the option expiration date.

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