If an individual receives dividends or interest from a foreign payer,_____________. Select one: 

a. They must report as income unless it is exempt by U.S. law, even if they do not receive a Form 1099 

b. They must report as income unless it is exempt by U.S. law, but only if they receive a Form 1099 

c. All interest or dividends received from a foreign payor are treated as tax free income 

d. All interest or dividends received from a foreign payor are treated as tax deferred income

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