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interest in the business.
Petitioner's $413 interest payments in 1982 to First Bank in
Atoka were on a loan to finance the 20-acre tract next to the
Atoka ranch, discussed supra.
Petitioner's $1,776 interest payments in 1982 to G.E. Credit
were on a loan to finance the house trailer, discussed supra.
Petitioner's $1,789 interest payments in 1982 to John Deere
were on a loan to finance the tractor used on the Atoka ranch.
The tractor and the ranch are described supra.
The record does not permit us to determine the purpose of
petitioner's $539 interest payments in 1982 to City National
Bank, Norman.
Petitioner's $534 interest payments in 1982 to American
Mortgage & Investment were on a loan to finance a "small rent
house" that petitioner owned in part of 1982. See supra
discussion of petitioner's payments to American Exchange Bank,
Norman.
Petitioner's $5,783 interest payments in 1982 to Wells Fargo
Credit were on a loan to finance the Interurban Building in
Norman. The record does not permit us to determine the nature of
petitioner's interest in the Interurban Building, nor whether
this was connected with the reported rental income. Supra table
3.
Petitioner's $22,500 interest payments in 1982 to First
State Bank, Stroud, were on a loan to finance housing in the Oak
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