Richard Walter Drake - Page 3

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          petitioner paid $7212 to have the basement of one of the houses             
          power washed and sanitized and $1,390 for repairs to the floor              
          due to water damage from the sewer line break.  In addition,                
          petitioner had the exteriors of the houses power washed,                    
          primarily in preparation for painting, at a cost of $1,616.                 
          Petitioner also purchased various supplies, including paint,                
          paint supplies, and lumber, in order to repair and maintain the             
          property.  Petitioner purchased and installed a "Stop" sign along           
          the driveway of the property.  The sign cost $29.  Petitioner               
          also paid $30 for computer software to produce lease forms.                 
               During the year in issue, petitioner owned two vehicles.               
          Petitioner owned a van which he and Brian Hegarty, who helped him           
          perform work on the property, used to haul items on the property            
          itself.  Petitioner also owned a car.                                       
               In addition to petitioner’s activities with respect to the             
          rental property during the year in issue, petitioner was employed           
          by Delta Air Lines (Delta) as a flight attendant.  Petitioner had           
          been employed by Pan American since 1963.  Sometime prior to the            
          year in issue, petitioner became an employee of Delta as a result           
          of Delta's purchase of a portion of Pan American's routes.                  
          Petitioner was required to purchase his uniforms for use as a               
          flight attendant with Delta.  Petitioner was permitted to charge            
          these expenses which Delta recorded as an account receivable from           


          2   All amounts have been rounded.                                          




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Last modified: May 25, 2011