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During 1985 and 1986, petitioner did not withdraw any cash from
the Credit Union.
Except for the three accounts set out above, petitioners did
not maintain, either jointly or severally, any other bank
accounts during 1985 or 1986.
During 1986, petitioners had a MasterCard credit card
account at Security. Petitioners received two $100 cash advances
from their MasterCard during 1985 and two $100 cash advances from
their MasterCard during 1986. Also during 1986, petitioners had
a Visa credit card account at Bank Americard Card Center,
Pasadena, California.
Construction of Gladstone House
On October 14, 1980, petitioner and a prior spouse purchased
vacant land located on Gladstone Street in San Dimas, California,
for approximately $22,500. In or about 1981, the City of San
Dimas placed a lien in the amount of $11,413 against petitioner's
land for street improvements. On December 10, 1982, petitioner
received the land as his separate property as part of his divorce
settlement with his prior spouse. On January 23, 1985,
petitioner paid $2,000 towards the lien with funds from the
Credit Union. In January 1986, petitioners commenced
construction of a house on the Gladstone property.
From June 1, 1986, until March 31, 1987, petitioners rented
an apartment at the Peartree San Dimas Apartments (Peartree) in
San Dimas. On May 22, 1986, petitioners paid a cash deposit of
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