Question
Marie, who operates a cash basis Schedule C business, pre-pays her office rent on October 10, 2023. The prepaid rent covers the period from January
Marie, who operates a cash basis Schedule C business, pre-pays her office rent on October 10, 2023. The prepaid rent covers the period from January 1, 2024 through December 31, 2024.
What is the earliest year Marie can deduct the prepaid rent expense?
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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