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 2015, Samantha paid the $120,000 subscription for the period January 2015 through December 2016. What is Samantha's deduction for 2015?
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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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