WILLIAMS, Judge:
The Commissioner determined a deficiency in petitioner's 1980 Federal income tax in the amount of $54,625. The issue this Court must decide is whether petitioner is entitled to deduct in 1980 the sum of monthly payments to be made until the death of the payee pursuant to an agreement' settling litigation.
The facts of this case have been fully stipulated pursuant to Rule 122, Tax Court Rules of Practice and Procedure, and are so found...
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