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$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.
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