Accountancy, asked by jadhavmrupesh10, 2 months ago

Mr. Moyer owns residential rental property. This year, he received $7,000 revenue from the tenants and incurred $4,900 rental expenses. Mr. Moyer must include $7,000 in gross income and is allowed $4,900 of itemized deductions for the expenses.

True or False?

Answers

Answered by affectionqueen648

0

Answer:

I think the answer is False

Explanation:

Hope it's helpful!!!

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