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A returned security deposit is not income. It was your money to begin with. However, if the money was returned to you with interest, the interest would be taxable. (Some states require landlords to pay interest on security deposits.)
A returned security deposit is not income. It was your money to begin with. However, if the money was returned to you with interest, the interest would be taxable. (Some states require landlords to pay interest on security deposits.)
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