Ctr Alt Method of Accounting - Cash basis -Prepaid rent 2. Taylor, a cash basis architect, rents the building in which his office is located for $5,000 per month. He started his practice on June 1, 2016. In order to guarantee no rent increases during an 18-month period, he signed an 18-month lease and prepaid the $90,000 on June 1, 2016. How much can Taylor deduct as rent expense for 2016