Ozzie owns several properties on which he receives monthly rent. On June 1, 2016, he leases one of the properties to a new tenant. Ozzie accepts a security deposit of $1,000 and the last month's rent of $1,000 before the tenant occupies the property. The tenant agrees to pay fair rental of $1,000 per month for the next two years. From the above, compute the amount to be included in Ozzie's 2016 gross income. Save