A fair and reasonable annual rent for the building has been


Sara Waters, a Shareholder in Wicket Corporation, leased a building to Wicket at an annual rental of $60,000. A fair and reasonable annual rent for the building has been determined to be only $48,000. Will the additional $12,000 of rent be taxed as rental income or dividend income? Explain

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Finance Basics: A fair and reasonable annual rent for the building has been
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