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Cash Cow Corporation, a cash method calendar year taxpayer, paid ( on December 3 1 , 2 0 X 0 ) rent of $ 1

Cash Cow Corporation, a cash method calendar year taxpayer, paid (on December 31,20X0) rent of $180,000 for the entire lease period from June 1,20X0 to June 30,20X1. When may Cash Cow deduct the rent payment?

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