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QUESTION 3 Ris a calendar-year, an accrual-basis taxpayer who received during the current year $20,000 in rent paid in advance, applicable to next year, and

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QUESTION 3 Ris a calendar-year, an accrual-basis taxpayer who received during the current year $20,000 in rent paid in advance, applicable to next year, and no significant services were provided in the two-year rental agreement. He also received a $2,000 security deposit refundable at the end of the lease assuming compliance with the terms of the lease. How much must R include in gross income for the current year? TTT Arial 3 (126) T.EE i 3 I Words Pathep Click Save and Submit to save and submit. Click Save All Answers to all answers QUESTION 3 Ris a calendar-year, an accrual-basis taxpayer who received during the current year $20,000 in rent paid in advance, applicable to next year, and no significant services were provided in the two-year rental agreement. He also received a $2,000 security deposit refundable at the end of the lease assuming compliance with the terms of the lease. How much must R include in gross income for the current year? TTT Arial 3 (126) T.EE i 3 I Words Pathep Click Save and Submit to save and submit. Click Save All Answers to all answers

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