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Dan's tenants moved out of his rental property on March 31. When the tenants originally signed the lease a year ago, they paid $3,000 for
Dan's tenants moved out of his rental property on March 31. When the tenants originally signed the lease a year ago, they paid $3,000 for the first month's rent, last month's rent, and a $1,000 security deposit. The tenants paid rent of $1,000 per month for January and February. Upon vacating the property, Dan withheld $250 of the security deposit for repairs and returned $750 to the tenants. How much should Dan include in income from the rental in the current year
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