Each of the numbered items below is accorded only one of the following lettered treatments. Use the existing law as it applies to the current year, match the best answer to the statements below.
-Julian's tenant improves her side of the duplex by making improvements to the bathroom and kitchen that are worth $750. Julian does not adjust her rent for the $750 improvements.

Question

Quizplus · Accepted Answer

Improvements made by a tenant to a landlord's property that the landlord does not pay for and that do not result in a rent reduction or other direct financial benefit to the landlord are generally not considered income to the landlord. Therefore, Julian would not include the value of the improvements in his gross income.

Each of the Numbered Items Below Is Accorded Only One