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Howard, a cash basis taxpayer, makes the following payments on Octobet of this year. $4,180 for the next 10 months of advertising. $3,100 for insurance

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Howard, a cash basis taxpayer, makes the following payments on Octobet of this year. $4,180 for the next 10 months of advertising. $3,100 for insurance over the next 12 months $680 for the next 9 months of interest on a business loan. What amount can Howard deduct this year

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