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Andrew purchased a residential rental property on April 15, 2019.He paid $300,000 cash for the building and paid an additional $540 for eligible rental expenses

Andrew purchased a residential rental property on April 15, 2019.He paid $300,000 cash for the building and paid an additional $540 for eligible rental expenses during 2019.He rented the property on May 1 to long term tenants for $1,400 per month.On his 2019 tax return he should report net rental income(loss) of:

$4,660.

NIL

$(7,340).

$10,660.

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