Respondent determined deficiencies in petitioner's Federal income taxes for the years 1957 and 1958 in the respective amounts of $286 and $2,474.12. Respondent disallowed certain amounts deducted by petitioner as legal fees "incurred for the management, conservation, or maintenance of property held for the production of income."
Petitioner has since conceded that payments amounting to $9,900 made by him in the year 1958 were nondeductible legal fees, and the only...
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