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On Oct. 1, 2020, Taxpayer, a calendar-year, cash- method taxpayer, paid $21,928 for 11 months worth of rent ($21,928 is the total for all 11
On Oct. 1, 2020, Taxpayer, a calendar-year, cash- method taxpayer, paid $21,928 for 11 months worth of rent ($21,928 is the total for all 11 months, not the monthly rent). The rent covers Oct. 1, 2020 through Aug. 31, 2021. How much of the $21,928 rent can Taxpayer deduct in 2020? Enter your answer as a positive number rounded to the nearest whole dollar
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