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Amber, who filed her return on a calendar year basis, is in the office equipment rental business. She uses the accrual basis of accounting. In

Amber, who filed her return on a calendar year basis, is in the office equipment rental business. She uses the accrual basis of accounting. In December she collected $5,000 in advance rent for equipment rentals during the following January. When is the $5,000 taxable on her federal income tax return?

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