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Emily, a cash basis taxpayer, owns 100% of Box Corp., an accrual basis taxpayer. Emily also...

Emily, a cash basis taxpayer, owns 100% of Box Corp., an accrual basis taxpayer. Emily also

rents office space to Box Corp. Both use the calendar year as their tax year. At the end of 2018

Box Corp. owes back rent of 10,000 to Emily. This back rent is paid on May 2, 2019. What are the

tax consequences?

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