Enzo is a self-employed barber who operates his business on the cash basis. In December 2023, he
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Enzo is a self-employed barber who operates his business on the cash basis. In December 2023, he pays $12,000 for an 12-month insurance policy for his business that covers the period January 1, 2024 through December 31, 2024. What amount, if any, can Enzo deduct in 2023 related to this policy on his Schedule C?
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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