Woody F. Lemons - Page 29

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             adjustment required.  The final adjustment to Schedule E                 
             will be submitted under Rule 155."                                       
                  The aggregate partnership losses disallowed in 1988,                
             according to the notices of deficiency, $29,448, is                      
             $8,596.26 more than the above amount disallowed according                
             to respondent's post-trial brief.  Respondent's post-trial               
             brief states this discrepancy is:                                        
                  due to a computational error.  Respondent con-                      
                  cedes the difference between the Notice amount                      
                  and this amount, subject only to a further                          
                  correction due to the section 469 computational                     
                  adjustment.  (See the previous note.)                               

                  The Schedules K-1, Partner's Share of Income, Credits,              
             Deductions, etc., issued to petitioner by the subject                    
             partnerships for 1987 state the following:                               

                              1987 Tax Year                                           
             Beginning          DistributiveOther    Contributed  WithdrawalsEnding          
             Capital            Share OrdinaryIncome     Capitaland       Capital         
             Partnership      AccountIncome (Loss)(Loss)     for Year  DistributionsAccount       
             Speed Line($32,602.00)   ($4,806.00)($1,553.00)     ----        ($38,961.00)    
             Investment1                                                              
             Oakbrook III, (369,191.00)    (77,242.00)     --      --       -- (446,433.00)
             Ltd.2                                                                    
             Dondi Presi-  (38,049.00)   (16,785.00)     --      --       --  (54,834.00)
             dents' Part-                                                             
             nership II                                                               
             1626 NY                                                                  
             Associates,                                                              
             Ltd. Partner-                                                            
             ship2     (81,453.56)   (58,064.00)--      $26,259.00       --(112,988.56)    
             Bear Creek(14,320.00)   (12,070.00)(4,450.00)   2,044.00  ($28,796.00)--              
             West Rental                                                              
             Properties                                                               
             Haywood Lane(10,649.00)   (20,205.00)(24.00)     --   (30,878.00)  --           
             Joint Venture2                                                           
             Murfreesboro                                                             
             Road Joint(9,800.00)   (18,029.00)(25.00)     --   (27,854.00)      --       
             Venture1 2                                                               







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