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Dennis receives $11,000 during the current tax year from Blanca for some office space in Anaheim, California. The rent covers eight months, from August 1
Dennis receives $11,000 during the current tax year from Blanca for some office space in Anaheim, California. The rent covers eight months, from August 1 of the current year to March 31 of the following year. The amount also includes a security deposit of $1,500. How much should Dennis report as taxable rental income in the current tax year
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