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What is Samantha deduction

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Reference no: EM132660526

Problem - Samantha, an accrual basis taxpayer, subscribes to a service that updates a database used in her business. In December 2019, Samantha paid the $120,000 subscription for the period January 2019 through December 2020. What is Samantha's deduction for 2019?

Reference no: EM132660526

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