Question: On Dec. 1 , 2 0 2 4 , Eel Corp., an accrual - method taxpayer, hired Contractor to perform services in exchange for payment

On Dec. 1,2024, Eel Corp., an accrual-method taxpayer, hired Contractor to perform services in exchange for payment of $14,968. The services were performed in Dec. 2024, and Eel Corp. paid Contractor $14,968 in Feb. 2025. Contractor is a 60% shareholder of Eel Corp. and is a cash-method taxpayer.
How much of the payment to Contractor can Eel Corp. deduct in 2024? Enter your answer as a positive number.
On Dec. 1 , 2 0 2 4 , Eel Corp., an accrual -

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