MEMORANDUM FINDINGS OF FACT AND OPINION
JACOBS, Judge:
Respondent determined a $47,047 deficiency in petitioner's 1992 Federal income tax.
The issues for decision are: (1) Whether petitioner is entitled to exclude from gross income amounts received in settlement of a class action suit pursuant to section 104(a)(2), and (2) whether petitioner is entitled to exclude from gross income amounts paid as legal fees.
Unless otherwise indicated, all...
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