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The following is a summary of the joint income tax
returns filed by, or on behalf of, petitioners for 1976
through 1985:
1976 1977 1978 1979 1980 1981 1982 1983 1984 1985
Wages -- -- -- 1$2,600 -- -- -- -- -- --
Wages--
Heller's Cafe
Mrs. London $2,650 $2,600 $2,600 -- $2,600 $2,600 $2,650 $2,600 $2,600 $2,600
Mr. London 13,950 18,200 2,600 -- -- -- -- -- -- --
Wages--
M.L. Associates
Mrs. London -- -- -- -- -- -- -- 1,920 2,080 3,900
Mr. London -- -- -- -- -- -- -- -- -- --
Schedule B
Interest 4,056 2,794 2,345 2,905 10,812 27,431 18,043 29,212 31,954 37,095
income
Dividend2 2,346 2,187 2,192 2,197 2,045 1,914 9,432 7,207 17,580 15,332
State refund -- -- 500 87 -- -- -- -- -- --
Schedule C
M.L. Associates -- 2,432 46,992 51,255 53,068 64,180 63,969 70,009 91,340 101,671
Schedule D
Capital gain -- -- -- -- -- -- -- -- 38,060 10,226
Schedule E
110 Chestnut St.3 20,454 12,712 1,052 187 1,831 (1,207) 4,100 (2,044) (1,512) (3,128)
Total income 43,456 40,925 58,281 59,231 70,356 94,918 98,194 108,904 182,102 167,696
Taxable income 28,519 27,418 41,836 43,595 54,427 69,571 74,868 65,001 112,665 96,882
1No Form W-2, Wage and Tax Statement, attached to 1979 return.
2Dividend income after exclusion.
3Rental income from 110 Chestnut St., the site of Heller's Cafe was reported on petitioners' Schedule E.
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