A blocked currency is one with exchange restrictions.Taxpayers with income in blocked currencies may elect to defer their U.S.taxes until any of the following occur except
A) Blockage restrictions are removed.
B) The blocked currency is used for nondeductible expenditures.
C) When a taxpayer who is a resident alien terminates U.S.residency status.
D) When the blocked currency can be used in the foreign country.
Correct Answer:
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