Carl J. Fabry v. Commissioner of Internal Revenue

[PUBLISH] IN THE UNITED STATES COURT OF APPEALS FILED FOR THE ELEVENTH CIRCUIT U.S. COURT OF APPEALS ELEVENTH CIRCUIT AUGUST 21, 2000 THOMAS K. KAHN CLERK No. 99-12407 D. C. Docket No. 96-09126 CARL J. FABRY, PATRICIA P. FABRY, Petitioners, versus COMMISSIONER OF INTERNAL REVENUE, Respondent. Appeal from a Decision of the United States Tax Court (August 21, 2000) Before DUBINA, BLACK and HILL, Circuit Judges. HILL, Circuit Judge: This tax case presents a single issue: are damages to business reputation received in the amount of $500,000 by taxpayers in 19921 in settlement of their tort action…