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Investors & landlords
You claim the prepaid expenses next year. The following is from IRS Publication 503.
"Expenses prepaid in an earlier year. If you pay for services before they are provided, you can count the prepaid expenses only in the year the care is received. Claim the expenses for the later year as if they were actually paid in that later year."
‎November 25, 2019
6:51 PM
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