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R is 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

R is 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?

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