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had met Mr. Gilmore through a partner at the Houston firm,
Mr. Les Williams.
The record does not document the amount of income or
loss petitioner realized during the years 1984 through 1986
from his investment in the cattle feeding business. The
Schedule F filed with petitioners' 1987 return reports net
farm profit of $11,595 from the cattle feeding business.
During the period 1986 through 1989, petitioner was
involved in a number of other businesses. In 1977, he
started Cooper's Alley, a restaurant and bar. Cooper's
Alley operated restaurants in Corpus Christi, Texas, and
in Port Arkansas, Arkansas. It incurred losses and ceased
business in July 1986. In 1983, petitioner and Mr. Hank
Parkinson started Compuprint, Inc. and Parkinson
Associates. Those entities ceased business in 1989 when
Mr. Parkinson died. Petitioner was also engaged in
another restaurant, Lighthouse Restaurant, in Corpus
Christi, a real estate business called T-Head Marina
which owned the real estate for the restaurant, and a
partnership, Bayview I. Finally, throughout the period
in issue, petitioner owned a one-third interest in a
family partnership, Harrison, Harrison & Harrison. That
partnership owned a furniture store, a funeral home,
an automobile dealership, and it engaged in ranching.
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