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In January of this year, Wynonna a calendar-year taxpayer, receives a $20,000 guaranteed payment from Judd Partnership. Judd deducted the payment during its tax year
In January of this year, Wynonna a calendar-year taxpayer, receives a $20,000 guaranteed payment from Judd Partnership. Judd deducted the payment during its tax year ending October 31 of last year. What tax year must Wynonna report her guaranteed payment in?
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