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Peter, a successful medical doctor using the cash basis ofaccounting, purchased a three year malpractice...

Peter, a successful medical doctor using the cash basis of accounting, purchased a three year malpractice insurance policy for $30,000 in 2018. He paid the entire premium when he purchased the policy. How much can Peter deduct for the insurance on business tax return?

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ekkarill92 answered 3 years ago
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