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.
Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for 1992. References to petitioner...
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