- 5 -
assignments, and sought financial assistance for her writing
endeavors. In 1994 she acquired a local occupational license "to
pursue and follow the Occupation of wholesale retail."
Petitioner self-publishes her manuals on a prepaid basis only for
$10.00 each, plus $1.00 for postage and handling. Her manuals
have been listed on two databases compiled by R.R. Bowker Company
(Bowker), Literary Market Place: A Directory of American Book
Publishers and Books in Print.
The gross receipts, gross income, expenses, and losses
attributed to $'s Info Books and as reported by petitioners on
their Forms 1040, Schedules C for taxable years 1987 through 1992
are summarized as follows:
Gross Gross
Year Receipts Income Expenses Losses
1987 $80 $80 $6,061 $(5,981)
1988 -0- 3 6,333 (6,330)
1989 -0- 33 13,059 (13,026)
1990 134 124 23,287 (23,163)
1991 -0- 27 21,641 (21,614)
1992 432 (68) 25,411 (25,343)
Total 646 199 95,792 (95,457)
The principal source of petitioners' receipts reported on
Schedules C for 1987-1992 was prizes and sweepstakes winnings.
Among the sources of petitioners' reported Schedule C losses were
deductions for depreciation of an electric screwdriver and a
weedwacker. Their Schedules C losses contributed to petitioners'
receiving full tax refunds for 1989, 1990, and 1991.
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