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9. In 2019, Juan, a cash basis taxpayer, was offered $3 million for signing a professional baseball contract. He counter offered that he would receive

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9. In 2019, Juan, a cash basis taxpayer, was offered $3 million for signing a professional baseball contract. He counter offered that he would receive $900,000 per year for 4 years beginning in 2020. The team accepted the counteroffer. Juan constructively received $3 million in 2019. a. True b. False

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