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    Premiums that can be deducted by taxpayers

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    In December 2011 Nell, a cash basis taxpayer, paid insurance premiums of 12,000 dollars on rental property for the period February 1, 2012 through January 31, 2013. how much of the premiums can nell deduct in 2011?

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    In December 2011 Nell, a cash basis taxpayer, paid insurance premiums of 12,000 dollars on rental property for the period February 1, 2012 ...

    Solution Summary

    In December 2011 Nell, a cash basis taxpayer, paid insurance premiums of 12,000 dollars on rental property for the period February 1, 2012 through January 31, 2013. how much of the premiums can nell deduct in 2011?

    $2.19

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