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., noobligation to repay the amount) :
A) Constructive receipt.
B) Return of capital principle.
C) Claim of right.
D) Wherewithal to pay.
E) None of the choices are correct.
Correct Answer:
Verified
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