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help please In light of the economic performance rules, how much is deductible by the following accrual basis calendar year taxpayers in 2020? When must

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In light of the economic performance rules, how much is deductible by the following accrual basis calendar year taxpayers in 2020? When must any disallowed amount in 2020 be deducted in other tax years? Explain the reasoning for your answers. Scott Corporation leases a building for use in its business at a monthly rental of $95.00. In December of 2020, Scott prepays its rent for the first six months of 2021 in the amount of $57,000. How much of the rental payment may Scott deduct in 2020 and 2021? In light of the economic performance rules, how much is deductible by the following accrual basis calendar year taxpayers in 2020? When must any disallowed amount in 2020 be deducted in other tax years? Explain the reasoning for your answers. Scott Corporation leases a building for use in its business at a monthly rental of $95.00. In December of 2020, Scott prepays its rent for the first six months of 2021 in the amount of $57,000. How much of the rental payment may Scott deduct in 2020 and 2021

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