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During 1989, petitioner received gambling winnings totaling
$7,025 and is entitled to a Schedule A gambling loss in the same
amount.
During 1992, petitioner received pension income from
Prudential Insurance Company in the amount of $1,851.
In 1989, petitioner purchased vacant land on Harper Lake
Road in San Bernardino County (Harper Lake Road property) for
$48,000. In 1992, petitioner sold that property for $160,000.
At settlement of the sale of the Harper Lake Road property,
various amounts were credited and debited against that sales
price, as reflected in the seller's closing statement with
respect to that sale. Petitioner incurred deductible costs
associated with the sale of the Harper Lake Road property in the
amount of $17,402. Petitioner realized a gain for 1992 from the
sale of that property in the amount of $94,598.
Petitioner and respondent resolved by agreement many of the
determinations in the notice, as set forth in the stipulation.
We therefore turn to the issues that remain for our
consideration. Presumably in an effort to show that respondent's
determination under section 6651(a)(1) for 1992 is wrong,
petitioner contends that she filed a return for that year.
However, the record is devoid of any evidence to support that
contention. Petitioner also contends that she is entitled to
(1) a loss for 1988 from an alleged investment, (2) an increase
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