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Receipt of $70000 by a taxpayer from a tenant for rental income. $15000 pertains to 2017, any $55000 pertains to 2018;;;; a. If the taxpayer is on...
Receipt of $70000 by a taxpayer from a tenant for rental income. $15000 pertains to 2017, any $55000 pertains to 2018;;;;
a. If the taxpayer is on the cash basis for tax purposes
b. if the taxpayer is on the accrual basis for tax purposes