Multiple Choice
Identify the rule that states that income has been realized when a taxpayer receives the income and there are no restrictions on the taxpayer's use of the income (e.g., no obligation to repay the amount) .
A) Claim of right
B) Constructive receipt
C) Return of capital principle
D) Wherewithal to pay
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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