Multiple Choice
Eddie and Camilla received $11,600 for the rental of their rental house in Irvine,California.Eddie and Camilla do not use this property for personal use.The rent covers six months from October 1 of the current year to March 31 of next year.The amount also includes a security deposit of $2,000.How much should Eddie and Camilla report as rental income in the current tax year?
A) $2,000.
B) $11,600.
C) $13,600.
D) $9,600.
Correct Answer:
Verified
Correct Answer:
Verified
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