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In 1991, petitioner apparently incurred an additional $2,000
in interest expense, but the record does not indicate to what
debt this $2,000 is attributable.
In 1992, petitioner incurred $9,740 in expenses relating to
his membership in the Glen Ridge Country Club (the Club).
Petitioner frequently played golf and socialized with other
members of the Club, for approximately 80 percent of whom
petitioner performed stock brokerage services. On the Club's
records, the $9,740 in expenses that petitioner incurred at the
Club in 1992 is reflected only by general category of expense,
and petitioner has provided no other records relating to these
expenses.
Also during 1992, petitioner apparently incurred an
additional $24,796 in expenses for, among other things, travel,
business periodicals, and legal advice on investment matters.
Petitioner has not provided any records itemizing the specific
nature or purpose of these expenses.
On December 21, 1992, petitioner and his wife appeared in
the Superior Court of New Jersey, Chancery Division--Family Part,
Essex County for the purpose of obtaining a divorce. In court on
December 21, 1992, petitioner and his wife agreed to and executed
a court-approved property settlement agreement, and the court
orally granted petitioner and his wife a divorce.
The proposed form for the judgment of divorce (divorce
decree) that was submitted by the parties to the court had typed
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