Question: In 2 0 2 4 , Ed entered into a 5 year lease to rent property. During the first year, in addition to $ 5

In 2024, Ed entered into a 5 year lease to rent property. During the first year, in addition to $5,000.00 for that year's rent and a $2,000.00 security deposit from his tenant Frank.What income must Ed include in taxable income for the year? $5,000.00 $1,000.00 $6,000.00 $4,000.00

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