We introduce FAINA, the first dataset for fallacy detection that embraces multiple plausible answers and natural disagreement. FAINA includes over 11K span-level annotations with overlaps across 20 fallacy types on social media posts in Italian about migration, climate change, and public health given by two expert annotators. Through an extensive annotation study that allowed discussion over multiple rounds, we minimize annotation errors whilst keeping signals of human label variation. Moreover, we devise a framework that goes beyond “single ground truth” evaluation and simultaneously accounts for multiple (equally reliable) test sets and the peculiarities of the task, i.e., partial span matches, overlaps, and the varying severity of labeling errors. Our experiments across four fallacy detection setups show that multi-task and multi-label transformer-based approaches are strong baselines across all settings. We release our data, code, and annotation guidelines to foster research on fallacy detection and human label variation more broadly.