What is required for taxpayers with blocked income to report?

For taxpayers with blocked income, the correct response indicates that part of their income may be delayed in reporting. Blocked income typically refers to income that is unable to be accessed or transferred due to certain restrictions or regulations, often in the context of foreign investments or business operations.

Under these circumstances, while taxpayers are still required to report their blocked income to the IRS, they do not need to report it immediately if they are unable to access it. This allows taxpayers to align their reporting with the actual availability of their income. Therefore, the correct answer reflects the understanding that reporting requirements depend on the accessibility of the income rather than a blanket requirement to report all income immediately or to omit it altogether.