Marie, who operates a cash basis Schedule C business, pre-pays her office rent on October 10, 2023.

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Marie, who operates a cash basis Schedule C business, pre-pays her office rent on October 10, 2023. The prepaid rent covers the period from January 1, 2024 through December 31, 2024.

What is the earliest year Marie can deduct the prepaid rent expense?

Related Book For answer-question

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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Posted Date: Nov 16, 2023 05:04 AM

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Marie, who operates a cash basis Schedule C business, pre-pays her office rent on October 10, 2023.

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Since Marie operates a cash basis Schedule C business the general rule for the ca... View the full answer

South-Western Federal Taxation 2020 Comprehensive

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