7
In 1990, petitioners deposited $136,408 in nine bank
accounts (eight in the United States and one in Brazil). Of that
amount, the following is nontaxable:
Date Check/currency Amount deposited Source of funds
4/12 travelers checks $1,790 Mar. Brazil trip
4/24 Cr$ 1,679,225.87 30,531 Brazilian account
7/9 unknown 7,300 July Brazil trip
7/11 currency 3,200 July Brazil trip
8/22 travelers checks 4,000 July Brazil trip
9/25 currency 1,007 Sept. Brazil trip
9/25 currency 1,436 Sept. Brazil trip
11/20 currency/trav. check 2,088 Nov. Brazil trip
11/20 currency 6,596 Nov. Brazil trip
12/3 currency5 6,400 Transfer
12/3 check 2,250 Cashed check for friend
Total $66,598
In 1991, petitioner-husband brought cash from their safe
after each of several trips to Brazil. Petitioner-husband
sometimes kept the cash he brought from Brazil in a safe in his
Raleigh office before he deposited it in petitioners' non-
interest bearing checking accounts. Petitioners deposited
$396,905 in eight (seven U.S. and one Brazilian) bank accounts.
Of the $396,905, petitioners deposited Cr$ 14,651,647.28
($48,009) in the Bank of Itau in Brazil from their personal
assets, and they made nontaxable deposits to U.S. bank accounts
as follows:
5 This deposit was a transfer from account 157460395.
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