(d) The requirement is to determine the correct statement
regarding the reporting of income by a cash-basis taxpayer.
A cash-basis taxpayer should report gross income for the year in
which income is either actually or constructively received,
whether in cash or in property. Constructive receipt means that
an item of income is unqualifiedly avail-able to the taxpayer without
restriction (e.g., interest on bank deposit is income when
credited to account).