Question: True or False An amount called a security deposit which is used as a finalpayment of rent should not be included in rental income in

True or False

An amount called a security deposit which is used as a finalpayment of rent should not be included in rental income in the yearreceived but should be included in income in the year the leaseexpires.____________

An exclusion from gross income must be specifically enumeratedin the Code.___

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