Question: On October 1 , 2 0 2 2 , Jeremiah, a cash - basis taxpayer, entered into an 1 2 - month lease on a

On October 1,2022, Jeremiah, a cash-basis taxpayer, entered into an 12-month lease on a building for use in his business for $1,500 per month. Under the lease terms, Jeremiah pays 12 months' rent ( $18,000) in advance on December 1. Considering only this new lease, how much can Jeremiah deduct for rent in 2022?
q, a. $9,000
b. $4,500
c. $1,500
d. $18,000
On October 1 , 2 0 2 2 , Jeremiah, a cash - basis

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