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Chris goes on vacation to Bermuda for two weeks. While walking on the beach, he finds an old wooden box half buried in the sand.

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Chris goes on vacation to Bermuda for two weeks. While walking on the beach, he finds an old wooden box half buried in the sand. After he retrieves it and makes sure no one is watching him, he opens the box and finds it full of pirate gold! Chris carries the box back to his hotel room on the beach and gets it inside with no one seeing him do so. (It is a small box). After looking up pirate gold on the internet, he discovers the loot is worth exist12, 999 (Chris is very meticulous, he is an accountant after all). He decides to end his vacation early to avoid being robbed before he can get the gold home. He packs it in his suitcase which he checks at the airport and pays the extra fee because the bag is so heavy. Once he gets home, he takes the gold directly to the pawn shop where his best friend from high school, Kevin, works. Kevin recognizes a good deal when he sees one and offers to pay Chris exist9, 999 in cash for the gold. Chris takes the deal and leaves the pawn shop to go to the bank and deposit exist9, 900 in a new savings account he opens that day. How much, if any, should Chris report on his income tax return? (Do not assume any more facts than already given). a. exist0 because he found it in a foreign country that does not have an income tax b. exist0 because it was a gift from the pirates c. exist9, 999 d. exist9, 900 e. exist12, 999

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