2.04.3 Insurance Expenses (1)

Question 問題
You operate a business and file your tax return on a calendar-year basis. You bought a fire insurance policy on your building effective November 1, Year 1, and paid a premium of $1,200 for 2 years of coverage. How much can you deduct on your Year 1 return?

A. $1,200

B. $600

C. $100

D. $50

The correct answer is 正解は、[C. $100]
= $1,200 / 24ヶ月 x 2ヶ月（11～12月）
前払保険料は会計主義にかかわりなく原則期間配分しなければなりません。