@PAGB Yes. From a cash standpoint, you lost $500. On your taxes, you'll see a $500 Cap Gain, and a $1000 Contract/Straddle Loss, for a $500 loss. If you're using a version of TT that let's you get to Forms mode, you can walk through all the forms to watch the $1000 make its way onto the 1040.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
