Question: On December 1 , 2 0 2 4 , Daniel, an accrual basis taxpayer, collects $ 1 2 , 0 0 0 rent for December

On December 1,2024, Daniel, an accrual basis taxpayer, collects $12,000 rent for December 2024 and $12,000 for January 2025. Daniel must include the $24,000 in 2024 gross income.
True
False

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