stan rented an office building to clay for 3000 per month. On dec 29 2012 stan received a deposit of 4000 in addition to the first and lat month rent. occupancy began on jan 2 2013. on july 15 2013 clay closed his business and filed for bankruptcy. stan had collected rent for feb, mar, and april on the first of each month. stan had received may rent on may 10 but collected no payments afterwards. stan withheld 800 from the deposit because of damage to the property and 1500 for unpaid rent. he refunded he balance of the deposit to clay.

requirment

what amount would stan report as gross income for 2012? and for 2013?

begin by selecting the labels to show the items that will coprise stan's 2012 gross income and then enter the amounts to compute the 2012 gross income amount. if a box is not used, leave the box empty., do not select a label or enter a zero.

2012

gross income

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gross income _________________________

now select the labels to show the items that will comprise stan's 2013 gross income, and then enter the amounts to compute the 2013 gross income amount. same inst as above for 2012

2013

gross income

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gross income ____________________________