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In March, 2020, Kevin paid $5,800 for an insurance policy that covers his business property for accidents and casualties. The policy covers the business property

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In March, 2020, Kevin paid $5,800 for an insurance policy that covers his business property for accidents and casualties. The policy covers the business property from May 1, 2020, through April 30, 2021. Kevin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Kevin deduct in 2020? (3 points)

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