"An investor long 100 shares of stock writes a call against the long stock position. If the call is exercised, and the investor must deliver the stock, which of the following tax consequences will occur?
A)Cost basis is adjusted for the stock.B)
The investor's sales proceeds are the strike price plus the premium.
C)Both cost basis and sales proceeds must be adjusted.
D)There are no adjustments for cost basis or sales proceeds for tax purposes."