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On August 1 of this year, Sharon, a cash method taxpayer, signs a lease for office space and begins business. The lease is for 3

On August 1 of this year, Sharon, a cash method taxpayer, signs a lease for office space and begins business. The lease is for 3 years. At the time the lease is signed, Sharon pays the $12,600 rent for the entire 36-month lease term. How much can Sharon deduct this year?

a. $350

b. $1,750

c. $5,950

d. $12,600

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