T.C. Memo. 1998-364
UNITED STATES TAX COURT
JAMES T. SINYARD AND MONIQUE T. SINYARD, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 11056-96. Filed October 7, 1998.
David P. Pearson and Paul W. Markwardt, for petitioners.
Mary E. Dean, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
SWIFT, Judge: Respondent determined a deficiency in
petitioners’ Federal income tax for 1992 in the amount of
$115,679.
The issue for decision is whether $252,608, among other
funds, awarded in class action lawsuits is excludable from
petitioner James T. Sinyard's income.
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