United States Tax Court June 14, 1948, Docket No. 13010 (Mathey v. Comm'r)

lead-opinion

OPINION.

Mukdock, Judge:

The petitioner concedes that $688.89 representing foreign profits made by United and $609.72 representing the interest on the final judgment to the date of payment is taxable to him as ordinary income. He contends that the remainder of the net recovery of $107,825.