In December 2011, 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 as taxable in 2011 is
A) $400.
B) $1,300.
C) $1,800.
D) $2,200.
Answer: C
Tax
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