Multiple Choice
On August 1 of this year,Sharon,a cash-method taxpayer,signs a lease for office space and begins business.The lease is for 3 years.At the time the lease is signed,Sharon pays the $12,600 rent for the entire 36-month lease term.How much can Sharon deduct this year?
A) $350
B) $1,750
C) $5,950
D) $12,600
Correct Answer:
Verified
Correct Answer:
Verified
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