4.This year, Lucy had a commercial rental property and reports the following, in order to calculate her rental income or rental loss this year.

1. Rental Revenue: $10,000
2. Property Tax Expense: $2,000
3. Insurance Expense : $3,000
4. Maintenance Expense: $9,000
5. Maximum CCA: $5,000 (apply the maximum, if possible/allowed, per class review)

Lucy is required to report this amount as her Rental Income/Loss, this year.

		$10,000
		($4,000)
		$0
		$5,000