security deposit of $2,400. In early January of this year, Harris moves and Hoyt refunds $1,050 of
the deposit and keeps the remainder to cover $750 which is spent for repairs to the office space
and one week of unpaid rent that amounts to $600. How would this information be reflected on
Hoyt's tax return this year?
A) $1,350 income and $750 deduction B) $600 income and $750 deduction
C) $1,350 income and no deduction D) $2,400 income and $750 deduction
This question was asked on Mar 22, 2010 and answered on Mar 22, 2010.
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