Shirley B. Prebola n.k.a. Shirley D. Begy - Page 1

                                 T.C. Memo. 2005-261                                  

                               UNITED STATES TAX COURT                                

               SHIRLEY B. PREBOLA n.k.a. SHIRLEY D. BEGY, Petitioner v.               
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 4117-04.             Filed November 8, 2005.                

               Gerald W. Dibble, for petitioner.                                      
               Kevin M. Murphy, for respondent.                                       

                                 MEMORANDUM OPINION                                   

               COHEN, Judge:  Respondent determined a deficiency of                   
          $1,310,766 in petitioner’s Federal income tax for 2000.  The                
          deficiency was attributable to respondent’s recharacterizing the            
          lump-sum proceeds received by petitioner for the sale of rights             
          acquired from the New York State lottery as ordinary income                 
          instead of capital gain.  Unless otherwise indicated, all section           

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