Luther is a mjority shareholder in a corporation that owns an office building.He leases space in the buildingfor use in his CPA review course. Luther pays approximately $20 per square foot in annual rent. The corporation leases the remaining space in the building to (SAT< GMAT< SAT< and GRE) review course run by other tax tax payers for approximately $10 per square foot. Luther's main intent in negotiating the discounted leave was to secure the additional traffic generated by the other review courses in order to enhance the potential revenue for the CPA review course .

What is the amount of rent that Luther can deduct in connection with the CPA review course?

State the authority for your conclusion.

Thank you!