OPINION.
FAY, Judge:
The respondent determined a deficiency in income tax of $2,333.38 for the calendar year 1956. The only issue for decision is whether payments in 1956 for legal and bank services furnished in connection with the settlement of a contract claim were capital in nature or deductible expenses incurred in the production or collection of income.
All of the facts have been stipulated and are found accordingly.
Petitioners...
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