Sherman J. Miller and Alice K. Miller - Page 7

                                                -  -7                                                   
                  Expense                             1987        1988                                
                  Van Expenses                                                                        
                        Gas, oil, repairs             $1,760       $959                               
                        Other                            239        364                               
                        Depreciation                   4,545      4,426                               
                        Subtotal                     6,544      5,749                                 
                  Condominium Expenses                                                                
                        Depreciation - condominium     2,759      2,759                               
                        - furnishings       933      1,045                                            
                        Insurance                        177        177                               
                        Real estate taxes                712        717                               
                        Other assessments                100        100                               
                        Maintenance fees                 400        400                               
                        Utilities                        330        286                               
                        Repair                            32         25                               
                        Other supplies                   926      1,034                               
                        Subtotal                     6,369      6,543                                 
            Meals and Entertainment               547        574                                      
                        Total Expenses              13,460     12,866                                 

                  Petitioner compiled a list of business expenses for the                             
            years here in issue only at the time he prepared his tax return.                          
            Petitioner made notations on dinner receipts for country club                             
            dinners at the time he prepared his tax returns and not at the                            
            time of the dinner.  Petitioner made a number of mistakes in his                          
            recordkeeping.  Petitioner had lost or misplaced some of the                              
            receipts at the time of the trial of this case.                                           
                  Petitioner went through his receipts at the time he prepared                        
            his returns to segregate them between items he considered                                 
            business and items he considered personal at that time.                                   
            Petitioner's schedule of insurance company expenses was prepared                          
            from receipts that he gathered from three different locations.                            





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