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In September 2021, 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 September 2021, Kevin paid $5,800 for an insurance policy that covers his business property for accidents and casualties. The policy covers the business property from March 1, 2022, through February 28, 2023. Kevin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Kevin deduct in 2021

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