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    Rental Receipts and Rental Activity

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    Assuming Alexa receives $20,000 in gross rental receipts, what effect does the rental activity have on her AGI for the year?

    © BrainMass Inc. brainmass.com June 4, 2020, 4:08 am ad1c9bdddf
    https://brainmass.com/business/accounting/rental-receipts-and-rental-activity-549044

    Solution Preview

    If Alexa receives $20,000 in gross rental receipts, it increases her AGI by $20,000. Rental income is ...

    Solution Summary

    This solution explains the effect of gross rental receipts on Alexa's AGI.

    $2.19

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