- 3 -
of documents that included her receipts for gambling, mortgage
interest, and other expenses. Petitioner did not discuss with
the Preparer each document in the bag, and she did not review her
return with the Preparer after he prepared it.
On January 28, 1989, petitioner won $7.2 million in the
California State Lottery, payable in yearly installments.
Petitioner received a $361,000 installment of those winnings in
1993. These winnings were reported on petitioner's 1993 tax
return. No other income was reported thereon.
During 1993, petitioner had an ownership interest in four
real properties located in California at the following addresses:
331 West 46th Street, Los Angeles; 22150 Salter Road, Perris;
8431 Hooper Avenue, Los Angeles; and 2232 Mortimer, Huntington
Park. Petitioner also had an ownership interest in land in
Chicot County, Arkansas. None of these properties generated any
income in 1993.
In 1993, petitioner paid the following mortgage interest and
real property taxes on the above-mentioned properties:
Property Mortgage Real
Situs Interest Property Taxes
331 W. 46th St. $10,913 $245
Salter Rd. 23,994 2,333
8431 Hooper 11,085 1,320
2232 Mortimer 3,426 2,367
Chicot County --- 236
Total 49,418 6,501
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011