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If you buy and sell an option, you treat it on Schedule D just like a stock, right.
If an option is exercised and you therefore sell a stock, it is like any other sale of stock.
The option that was exercised is also not different; only the "buy" or "acquired" date--the date on which the option expired, was exercised, or you bought it back is after the "sell" date. It may look funny but it is right. If the option is exercised or expires worthless, the acquisition price is indeed zero, unless your broker charged a commission for closing the position, in which case that is the acquisition price. Best wishes, Chris
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