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Caleb is a cash basis, calendar-year taxpayer. In November of 2021, he paid a $4.800 Insurance premium for business property that covers the time period

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Caleb is a cash basis, calendar-year taxpayer. In November of 2021, he paid a $4.800 Insurance premium for business property that covers the time period of November 2021 through April 2022 ($800 per month). How much of this premium can he deduct on his 2021 tax return? O $3,200 $0 O $1,600 O $4,800 Aubrey is a cash basis, calendar-year taxpayer. In November of 2021, she paid a $4800 insurance premium for business property that covers the time period of November 2021 through October 2023 ($200 per month). How much of this premium can she deduct on her 2021 tax return? O $4,800 O $2,400 $0 O $2,800 O $400

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