Matilda received virtual currency in exchange to some work she performed as an independent contractor. How much income must she report on her tax return?

a the fair market value of the virtual currency at the time she received it

b the excess of the fair market value of the currency and the amount in U,S. dollars normally paid for similar work

c. Nothing in the current year She will report this income when she sells or exchange the virtual currency

d The average of the highest and lowest fair market values of the currency for the calendar year in which she received it