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Business, 06.04.2020 18:11 bbyitskeke7160

Shanna, a calendar year and cash basis taxpayer, rents property from Janice. As part of the rental agreement, Shanna pays $24,200 rent on April 1, 2018 for the 12 months ending March 31, 2019.

a. Shanna's deduction for rent expense in 2018 is $.
b. Assume the same facts, except that the $24,200 is for 24 months' rent ending March 31, 2020. Shanna's deduction for rent expense in 2018 is

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Shanna, a calendar year and cash basis taxpayer, rents property from Janice. As part of the rental a...
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