What happens when a U$.$S$.$ citizen taxpayer sells non$-$exempt

$($investment$)$ property in a foreign country for gain?

Select one:

a$.$ The difference between the taxpayer's purchase price

and sales price is reported as income

b$.$ The entire sale price is reported as income

c$.$ The taxpayer increases the basis of the original stock

d$.$ The taxpayer must report the ordinary income or

capital gain on their U$.$S$.$ tax return