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An accrual basis landlord collected January rent for this year in December last year The rent is taxed last year and the taxpayer can claim

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An accrual basis landlord collected January rent for this year in December last year The rent is taxed last year and the taxpayer can claim the January depreciation for this year on last year's tax return O Because the rent will be earned before the end of this year, the rent is not taxed until this year The rent is taxable this year so that the income and expense from the rents will be matched The rent is taxed last year None of the above

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