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Business, 31.10.2019 02:31 emma3216

Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. on february 1, 2019, she leases an office building to use in her business for $120,000 for an 18-month period. to obtain this favorable lease rate, she pays the $120,000 at the inception of the lease. how much rent expense may maud deduct on her 2019 tax return? round any calculations to two decimal places and round the final answer to the nearest dollar.

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