SULLIVAN v. COMMISSIONER

Docket No. 16613-79.

76 T.C. 1156 (1981)

ROBERT J. SULLIVAN AND BETTY J. SULLIVAN, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed June 30, 1981.


Attorney(s) appearing for the Case

Robert J. Sullivan, pro se.

Thomas G. Hodel, for the respondent.


OPINION

NIMS, Judge:

Respondent determined a deficiency in petitioners' income tax for 1976 in the amount of $4,705. The issue for decision is whether one-half of the lump-sum payments petitioners received during 1976 from qualified pension and profit-sharing plans, which amount was treated as long-term capital gain pursuant to section 402(a)(2),1 is an item of tax preference subject to the minimum tax under section 56...

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