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The Tax Court decides an expenditure is deductible in the year the issue was first litigated. The government appealed and won a reversal in the
The Tax Court decides an expenditure is deductible in the year the issue was first litigated. The government appealed and won a reversal in the Ninth Circuit Court of Appeals. It is the only appellate decision regarding the issue. If and when the Tax Court encounters this issue again, how will it hold?
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