PizzaHouse is an Accrual basis, calendar year taxpayer. Please offer advice to PizzaHouse about the treatment of the following. Is the $6000 deductible ?
- PizzaHouse Rents it's premises from ABC Rental for $3000 per month. In addition to making 12 monthly payments, PizzaHouse paid $6000 in January 2018 for November and December 2017 rents.