- 9 -
Joseph's Share of
the Losses From
Year Joseph's Other Income Horse Breeding and Horse Racing
1980 $ -- $ 18,737
1981 -- 22,734
1982 -- 79,668
1983 -- 107,566
1984 -- 78,064
1985 96,655 87,336
1986 87,386 68,671
1987 68,943 52,875
1988 99,799 52,879
1989 -- --
Total $352,783 $568,530
The schedule below summarizes for 1980 through 1990 Robert
and Kerry's joint income from sources other than horse breeding
and horse racing activities and Robert's share of the income,
expenses, and losses with respect to petitioners' horse breeding
and horse racing activities, as reflected on Robert and Kerry's
joint Federal income tax returns:
Robert's Share of Income From
Robert & Kerry's Horse Breeding and Horse Racing
Year Other Income Income Expenses Losses
1980 $ 64,171 $ -0- $ 18,737 $ 18,737
1981 72,650 8,783 31,517 22,734
1982 123,654 21,525 101,193 79,668
1983 138,220 24,410 131,976 107,566
1984 115,428 12,053 90,117 78,064
1985 90,036 1,125 86,853 85,728
1986 96,673 -0- 64,469 64,469
1987 86,127 467 53,656 53,189
1988 150,000 2,066 55,196 53,130
1989* -- -- -- --
1990 56,000 8,664 23,834 15,170
Total $992,959 $79,093 $657,548 $578,455
* With respect to 1989, the record does not indicate any
information regarding Robert's share of the income or
losses from petitioners' horse breeding and horse racing
activities nor his income from other sources.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011