calvin has a rental house that was rented beginning January 1 in the current tax year. on January 1 the tenant paid calvin a $2100 security deposit plus $1050 rent for January and $1050 rent for the last month whenever that occurs?The tenant timely paid $1050 monthly rent for each of the remaining months.How much rental income will calvin report for the current year?

Answer rating: 100% (QA)

Calvin will report rental income on a cash basis meaning that he w... View the full answer