Robert D. Sparrow - Page 10

                                       - 10 -                                         
          $366.  Petitioners received a $366 check from Piper, Jaffray,               
          dated January 7, 1987.                                                      
               Petitioners also engaged the brokerage firm of Wilson-Davis            
          to purchase and sell stock on their behalf during 1987.                     
          On September 2, 1987, Wilson-Davis sold 9,000 shares of NRG on              
          behalf of Mrs. Sparrow for $1,484.  Petitioners received a $1,484           
          check from Wilson-Davis dated September 8, 1987.  The $1,484                
          check was petitioners' proceeds and gain from the sale of NRG,              
          and it should have been included in determining their 1987 gross            
          income.  Petitioners failed to include this $1,484 in their 1987            
          gross income.                                                               
               On September 21, 1987, Wilson-Davis sold 30,000 shares of              
          NRG on behalf of Mrs. Sparrow for $5,267.  Petitioners received a           
          $5,267 check from Wilson-Davis dated September 28, 1987.  The               
          $5,267 check was petitioners' proceeds and gain from the sale of            
          NRG, and it should have been included in their 1987 gross income.           
          Petitioners failed to include this $5,267 in their 1987 gross               
          income.                                                                     
               On November 16, 1987, Wilson-Davis sold 22,800 shares of NRG           
          on behalf of Mrs. Sparrow for $959.  Petitioners received a $959            
          check from Wilson-Davis dated November 23, 1987.  The $959 check            
          was petitioners' proceeds and gain from the sale of NRG, and it             
          should have been included in their 1987 gross income.                       
          Petitioners failed to include this $959 in their 1987 gross                 
          income.                                                                     




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  Next

Last modified: May 25, 2011