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Naomi and Matt received the following amounts from a tenant who is renting their condominium during the current year (rent is $1,500 per month): Rent
Naomi and Matt received the following amounts from a tenant who is renting their condominium during the current year (rent is $1,500 per month): Rent for two months would normally have been $3,000, but the tenant paid $800 for a plumbing repair. The repair would normally have been paid by Naomi and Matt but the problem occurred while they were out of town. How much should Naomi and Matt report as rental income for the current tax year? Multiple Choice $2,400 $2,200 $3,000 \$AER
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