Question: Dennis receives $ 1 3 , 9 5 0 during the current tax year from Blanca for some office space in Anaheim, California. The rent

Dennis receives $13,950 during the current tax year from Blanca for some office space in Anaheim, California. The rent covers eight months, from August 1 of the current year to March 31 of the following year. The amount also includes a security deposit of $1,975. How much should Dennis report as rental income in the current tax year?
Multiple Choice
$11,975.
$1,675.
$7,425.
$13,950.

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