[单选题]

The author of a new textbook received a $100,000 advance from the publisher this year. $40,000 of income taxes was paid on the advance when received. The textbook will not be finished until next year. Determine the tax basis of the advance at the end of this year.

A.$0.

B.$40,000.

C.$100,000.

参考答案与解析:

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