Question: If a cash method tenant writes a $10,000 check on November 20th for back rent in October, but waits to mail the check until December
If a cash method tenant writes a $10,000 check on November 20th for back rent in October, but waits to mail the check until December 25th. The unrelated landlord receives the check on January 2nd. The landlord does not get around to cashing the check until February 1st. What month and calculate what is the tenant entitled to a deduction for the $10,000 rent check?
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In this scenario since the tenant is using the cash method of accounting the deduction fo... View full answer
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