James H. Swanson and Josephine A. Swanson - Page 33

                                       - 33 -                                         

          Asset          Acq. Cost          James          Josephine                  
          Cash/Checking       $48,375        $24,188             $24,188              
          Money Fund          188,657        188,657               -                  
          Repo Account         184,155       184,155                  -               
          Mortgage            76,225         38,113              38,113               
          Mortgage            40,000         40,000                   -               
          Contract            34,433         34,433                   -               
          Note-1              26,815         26,815                   -               
          Note-2              2,300          2,300                    -               
          Note-3              80,000         80,000                   -               
          Note-4              17,500         17,500                   -               
          IRA-Kemper          9,000          9,000                    -               
          IRA-Kemper          8,250               -              8,250                
          IRA-1st Fla.        2,500            2,500                  -               
          IRA-1st Fla.        5,000          5,000                    -               
          401-K Plan          45,000         45,000                   -               
          Condo               185,000        -             185,000                    
          Industrial Bldg.     107,500            -           107,500                 
          Industrial Bldg.    260,000              -             260,000              
          Industrial Vacant     65,000       65,000              -                    
          Stock - HSSTC       59,200         59,200                   -               
               Prestige      23,500          -                   23,500               
               Breck          25,000         25,000                   -               
               West Coast    25,000          25,000               -                   
               Sunshine       20,910         20,910               -                   
               FSCC           5,000               5,000               -               
          Sailboat            85,000         85,000                   -               
          Motorboat           8,000               8,000               -               



          Auto                17,000                             20,000 [sic]         
          Art, etc.             40,000           20,000            20,000             
               Totals    1,694,322 [sic]  1,010,771           683,551                 
               With an exception for the four IRA's, the 401(k) plan, and             
          the stock of the six listed corporations, the parties stipulated            
          on May 16, 1995, to the accuracy of the preceding statement.23              

          23                                                                          
               We note that petitioners omitted the asset identified as               
          "Florida Bonds" from their Aug. 1, 1994, statement of net worth             
          in the amount of $60,000 to be allocated half to each petitioner.           
          Petitioners have explained, and we accept, that this was an                 
                                                             (continued...)           


Page:  Previous  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  41  42  Next

Last modified: May 25, 2011