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Business, 19.03.2021 06:30 sarahbug56

In January of year 0, Justin paid $8,600 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year 0 in each of the following alternative scenarios

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In January of year 0, Justin paid $8,600 for an insurance policy that covers his business property f...
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