Business, 10.06.2021 20:30 alialoydd11

In addition to the $14,000 in expenses, in Nov. 2020, Julie’s Tax Prep paid two years’ worth of office rent ($1,000/month * 24 months = $24,000). The rent covers Nov. 1, 2020 through Oct. 31, 2022. How much of the $24,000 rent can Julie’s deduct in 2020?

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In addition to the $14,000 in expenses, in Nov. 2020, Julie’s Tax Prep paid two years’ worth of offi...