Taxpayer A purchased a residential rental property on April 15, 2020. They paid $300,000 cash for the building and an additional $540 for eligible rental expenses during 2020. They rented the property on May 1 to long term tenants for $2,500 per month. On their 2020 tax return what is the net rental income they should report?

	$19,460
	$7,918
	$1,460
	$7,378