Question: (c)Assuming Lawyer was allowed a deduction for year six, what tax consequences to Lawyer if in year seven Client inherits some money and pays the
(c)Assuming Lawyer was allowed a deduction for year six, what tax consequences to Lawyer if in year seven Client inherits some money and pays the $1,000 obligation? What consequences upon payment in year seven if Lawyer properly was not allowed the deduction in year six
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