Kenseth v. Commissioner
114 T.C. 399 | United States Tax Court | 2000
Holding Summary
Contingent attorney's fees paid directly to counsel from a settlement must be included in the client's gross income as the client received the benefit of those funds, though the fees are deductible as miscellaneous itemized deductions subject to applicable limitations.
Petitioner must recognize as income the amount of the judgment.
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