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Aziz 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
- Aziz 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 rentedthepropertyonMay1tolongtermtenantsfor$1,400permonth. Onhis2019tax return he should report net rental income of (HINT: Remember to calculate CCA)
A. $4,660.
B. $7,173.
C. $6,633.
D. $10,660.
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