Samantha, an accrual basis taxpayer, subscribes to a service that updates a database used in her business.

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Samantha, an accrual basis taxpayer, subscribes to a service that updates a database used in her business. In December 2019, Samantha paid the $120,000 subscription for the period January 2019 through December 2020. What is Samantha’s deduction for 2019?

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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