Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 11

Dennis receives $11,100 during the current tax year for rent from Blanca and Carlos, who are renting his home in Anaheim, California. Dennis does not use this property for personal use. The rent covers eight months, from August 1 of the current year to March 31 of the following year. The amount also includes a security deposit of $1,500. How much should Dennis report as rental income in the current tax year? a. $1,200.
B) $6,000.
C) $9,600.
D) $11,100.