Problem associated to capital loss

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On July 10, 2009, Bruce purchased an option to buy 1,000 shares of Omni, Inc. at $30 per share. He purchased the option for $2,000. It was to remain in effect for five months. The market experienced a decline during the latter part of the year, so Bruce decided to let the option lapse as of December 1, 2009. On his 2009 tax return, what should Bruce report?

a. A $2,000 long-term capital loss.

b. A $2,000 short-term capital loss.

c. A $2,000 § 1231 loss.

d. A $2,000 ordinary loss.

e. None of the above.

Reference no: EM13150511

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