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Question 17 1 pts Caleb is a cash basis, calendar-year taxpayer. In November of 2021, he paid a $4,800 insurance premium for business property
Question 17 1 pts Caleb is a cash basis, calendar-year taxpayer. In November of 2021, he paid a $4,800 insurance premium for business property that covers the time period of November 2021 through April 2022 ($800 per month). How much of this premium can he deduct on his 2021 tax return? $4,800 O $1,600 $0 O $3,200
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