In January of year Justin paid $7.000 for an insurance policy that covers his business property for accidents and casualties Justin is a calendar-year taxpayer who uses the cash method of accounting Tho polity covers the business property from Apri1 of you through March 31 of year 1 What amount of the insurance premium may Justin deduct in year 02 QUESTIONS in nary of your 0. Justin paid $7,000 for an insurance policy that covers his business property for iiccidents and casuahes Justin is a calendar year axpayer who uses the cash method of accounting The policy bogins on Fobry 1 of year and extends through any 31 of your 2 What amount of the insurance premium may deductin Your 02 QUESTION 9 in any of year 0. Just paid $7.000 for an insurance policy that covers his business property for accidents and custine a calendar year taxpayer who unes the Chmuthod of accounting Assume the imurance policy is for a 24 month period from April 1 year through March 31, yom. 2. What amount of the insurance premama Just dodud in year