In December 2019,Max,a Cash-Basis Taxpayer,rents an Apartment to Kadeem

question 56

Multiple Choice

In December 2019,Max,a cash-basis taxpayer,rents an apartment to Kadeem.Max receives both the first and last months' rent totaling $1,800 plus a security deposit of $400.The amount of income reported by Max as taxable in 2019 is

• A)$400.
• B)$1,300.
• C)$1,800.
• D)$2,200.

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