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On July 1, John signed a lease with new tenants for rent of an apartment he owns for $1,000 per month. The tenants paid John
On July 1, John signed a lease with new tenants for rent of an apartment he owns for $1,000 per month. The tenants paid John $2,500 at lease signing for first month's rent, last month's rent, and a $500 security deposit. What portion of the $2,500 should John include in income from the rental in the current year
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