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On October 1, 2023, Jeremiah entered into a lease on a building for use in his business for $2,250 per month. Under the lease


 

On October 1, 2023, Jeremiah entered into a lease on a building for use in his business for $2,250 per month. Under the lease terms, Jeremiah pays 12 months' rent ($27,000) in advance on December 1. How much can Jeremiah deduct for rent in 2023?

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