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to explore the possibility of investing in an import/export
business.
On February 11, 1991, Mr. Edmondson asked petitioner to sign
a joint 1988 tax return. She signed the return voluntarily,
without any force or threat from Mr. Edmondson. Because she
trusted Mr. Edmondson to prepare the return correctly, she signed
the return without reviewing it. Indeed, throughout petitioner's
marriage to Mr. Edmondson, she consistently signed joint tax
returns without reviewing them.
In April 1992, petitioner and Mr. Edmondson separated. Mr.
Edmondson agreed to give petitioner $500 a month for 36 months and
took responsibility to repay one of her two student loans. The
Edmondsons divorced in November 1993.
On October 25, 1994, Mr. Edmondson signed a notarized document
(an indemnity), whereby he agreed to be solely responsible for the
payment of all taxes incurred during his marriage with petitioner.
Seattle House
Prior to marrying petitioner, Mr. Edmondson owned a house in
Seattle with his first wife.2 Mr. Edmondson lived in the house
through 1981. Thereafter, the house was rented until its sale on
July 29, 1988. The sale resulted in a $30,948.64 gain to Mr.
Edmondson. The proceeds from the sale were used to pay the
Edmondsons' living expenses as well as debts of their failed record
2 Petitioner was aware that Mr. Edmondson had owned the
Seattle house.
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