When are refundable security deposits forfeited by the tenant considered rental income? In the year received. In the year it was forfeited by the tenant. In the year following forfeiture. Refundable security deposits are never considered rental income. Mark for follow upVime remaining$68$:$08$Question $76$ of $85.$Which of the following statements is TRUE regarding repairs paid for by a tenant in exchange for reduced rent?The amount the tenant paid for the repairs: Increases the basis of the property. Is not included as a rental expense. Is reported as other income on Schedule $1($Form $1040),$ Part I, line $8$z$.$ Is reported as rental income on Schedule E $($Form $1040).$ Mark for follow upQuestion $77$ of $85.$All of the following are deductible rental expenses, EXCEPT: Cleaning of common areas. Real estate taxes. Repairing, but not replacing a roof. The value of the owner's labor.