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?

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The Answer of 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?

On August 1 of This Year, Sharon, a Cash- Method