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11th Circ. Kills Tax Court's $6M Capital Gains Finding

By Nathan Hale (November 20, 2014, 9:29 PM EST) -- The Eleventh Circuit on Thursday partially reversed a decision by the U.S. Tax Court, siding with a Florida resident's argument that $5.75 million he received from assignment of his position in a lawsuit should be treated as capital gains, but rejecting two deductions he claimed totaling more than $800,000....

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