In order to protect against rent increases on the building in which she operates a dance studio,Mella signs an 18-month lease for $18,000.The lease commences on November 1,2011.How much of the $18,000 payment can she deduct in 2011 and 2012?
a.If Mella is an accrual basis taxpayer?
b.If Mella is a cash basis taxpayer?
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