Table 6
AGI before
Schedule C Schedule C Schedule C Schedule C Schedule C Adjusted
Year loss gross receipts gross income expenses1 loss1 gross income
1985 $48,679 $890 ($937) $3,506 ($4,443) $44,236
1986 45,271 1,675 (213) 3,016 (3,229) 42,042
1987 58,255 333 (1,987) 4,757 (6,745) 51,510
1988 165,311 1,592 1,123 6,900 (5,778) 159,533
1989 80,365 409 (1,793) 6,805 (8,598) 71,767
21990 -- -- -- -- -- --
1991 69,055 698 375 12,138 (11,876) 57,179
1992 66,534 883 690 15,638 (15,039) 51,495
1993 70,768 238 (306) 18,171 (18,570) 52,198
1994 72,191 20 15 23,862 (23,942) 48,249
1995 77,196 -0- -0- 28,302 (28,401) 48,795
1996 77,937 60 60 27,332 3(27,272) 77,937
1 For 1991 through 1995, the amounts stipulated by the parties as petitioner’s Schedule C
expenses do not include expenses for business use of petitioner’s home, but the amounts
stipulated by the parties as petitioner’s Schedule C losses do take account of expenses
for business use of petitioner’s home. The expenses for business use of the home for 1991
through 1995 range from a high of $113.46 (1991) to a low of $91.53 (1992).
2 The parties were unable to obtain information regarding 1990. However, they stipulated
that petitioner’s videotape activity generated a loss for this year.
3 Although petitioner reported the $27,272 loss on Schedule C for 1996, he did not carry
this loss over to his Form 1040.
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