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Aziz purchased a residential rental property on April 15, 20XX.He paid $300,000 cash for the building and paid an additional $540 for eligible rental expenses
Aziz purchased a residential rental property on April 15, 20XX.He paid $300,000 cash for the building and paid an additional $540 for eligible rental expenses during 20XX.He rented the property on May 1 to long term tenants for $1,400 per month.
On his 20XX tax return he should report net rental income of:
1) $10,660.
2)$6,633.
3)$7,173.
4)$4,660.
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