After Ellie moves out of the apartment she had rented as her personal residence, she recovers her damage deposit of $1,000.The $1,000 is not income to Ellie.

Name: After Ellie moves out of the apartment she had rented as her personal residence, she recovers her damage deposit of $1,000.The $1,000 is not income to Ellie.
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Question

Quizplus · Accepted Answer

The recovery of a damage deposit is not considered income for tax purposes. It is simply the return of money that was already paid.

After Ellie Moves Out of the Apartment She Had Rented