Ten years ago, Eric purchased Bitcoins for $$500.$ This year he paid his CPA with the Bitcoins when the CPA completed preparation of Eric's taxes. The accountant typically charges $$200$ per hour, and she spent $10$ hours preparing Eric's taxes.

What are the tax consequences to Eric this year?

O A$.$

Eric will have no tax consequences because payments for services made using Bitcoin are not taxable transactions.

$$ B$.$ Eric will recognize $$1,500$ as ordinary income.

O c$.$ Eric will recognize $40\%($$$600)$ of the gain as a short$-$term capital gain and $60\%($$$900)$ of the gain as a long$-$term capital gain.

O D$.$ Eric will recognize $$1,500$ as a long$-$term capital gain.