Brad recelves virtual currency In exchange for providing certain business services.
Select one:
a. Brad must include the fair market value of the virtual currency as of the date of his recelpt in his gross Income.
b. Since Brad has no basis in the virtual currency, he is nol required to report any income from the transaction.
c. None of the above.
d. Since the virtual currency recelved is considered legal tender of a foreign country, Brad may be able to claim a foreign tax credit.
