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What amount can raymond deduct

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Raymond, a sole proprietor, owns a dog grooming business. The business operates on the cash basis. In November 2022, he pays $36,000 for an 18-month insurance policy for his business that covers the period January 1, 2023 through June 30, 2024. What amount can Raymond deduct in 2022 related to this policy on his Schedule C?

Reference no: EM133272841

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