Question

Which of the following statements is correct? Stock that has decreased in value during the year can be deducted from gross income. Stock which has appreciated in value must be sold before it is considered part of gross income. Stock which has appreciated in value is included in gross income, regardless of whether or not it has been sold.

Answer 1

Which of the following statements is correct?

Step-by-step explanation:

Stock which has appreciated in value must be sold before it is considered part of gross income.