Michael London - Page 22

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             well, petitioner's wife would order supplies for the bar.                
             Petitioner's father died on October 2, 1980.                             
                  From 1969 through 1982, petitioner's mother lived                   
             at 57 Franklin Avenue, Chelsea, Massachusetts.  On                       
             February 11, 1981, she sold that property for $28,000 but                
             she continued to live there for about 1 year after the                   
             sale.  In 1982, she rented an apartment in a subsidized                  
             housing development located at 5 Admiral's Hill, Chelsea.                
             She lived in that apartment from 1982 until her death on                 
             June 10, 1988.                                                           
                  During the period from 1975 through 1981,                           
             petitioner's mother received the following proceeds                      
             from the sale of real estate:                                            

                                               Real Estate          Date              
             Sold Amount Received                                                     
                  122-124 Everett Ave.                                                
                  47-49-51 Elm St.                                                    
                  123-131 Spruce St.       3/3/75        1$49,784.47                  
                  400 and 402 Broadway     9/15/80       27,000.00                    
                  57 Franklin Ave.         2/11/81       28,000.00                    
                 Total received:              $104,784.47                            

                       1These properties were sold for $61,000.                       
                  Petitioner's mother paid $215.53 in taxes and $11,000               
                  to discharge a mortgage on the property and she                     
                  received the difference $49,784.47 ($61,000 -                       
                  $11,215).                                                           








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