Memorandum Opinion
MULRONEY, Judge:
The respondent determined deficiencies in petitioners' income tax for the years 1956 and 1957 in the respective amounts of $851.97 and $590.30.
The single issue presented is whether amounts received by petitioners during the years in question pursuant to a settlement of a law suit constitute ordinary income or long-term capital gain.
All of the facts have been stipulated and they are found accordingly....
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