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Mack, a self-employed taxpayer, spent $1,200 on an insurance policy that covers his business from July 1, 2019, to June 30, 2020. How much will

Mack, a self-employed taxpayer, spent $1,200 on an insurance policy that covers his business from July 1, 2019, to June 30, 2020. How much will Mack deduct in 2019 if he is a cash basis taxpayer? accrual basis?

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