1. What would be the minimum net rental income (loss) that the individual would include in his net income?
2. 
   
3. An individual purchased a rental property for $120,000 in a prior year. 
4. The property currently has an Undepreciated Cost of Capital (UCC) of $60,000. 
5. Gross rental income for the year was $12,000. 
6. Total expenses, excluding capital cost allowance (CCA), were $10,000. 
7. 
   

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