Jake is a self-employed cash method taxpayer. He made the following payments on July 1st of this year related to

Jake is a self-employed cash method taxpayer. He made the following payments on July 1st of this year related to his business: $2,400 for the next 12 months of utilities $1,200 for the next 12 months of interest on a business loan $3,600 for the next 36 months of rent for his office space How much of the above expenses can Jake deduct this year

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