19
Petitioner contends that he did not receive $190,000 in
1992. He claims (without further explanation) that he cleared
$5,000 or $419. Petitioner offered into evidence the settlement
sheet from the closing on the Brentwood property. We did not
admit it because petitioner did not exchange it as required by
the Court's standing pretrial order or as he had agreed to do in
the parties' joint motion to continue. Although petitioner
testified that he received payments totaling several thousand
dollars for the Brentwood property in 1993 before he reacquired
it, he did not testify about the terms of the sale, whether the
sale was an installment sale, or the details of his reacquisition
of the Brentwood property in 1993. Petitioner did not prove that
he did not have gain on the sale of the Brentwood property. We
find that petitioner failed to report $118,000 of gain for 1992.
E. Whether Petitioner Has Established the Amount of His Loss
Arising From His Chapter 11 Bankruptcy
Petitioner was a debtor in bankruptcy from about 1987 to
mid-1991. In 1990 and 1991, the trustee of his bankruptcy estate
disbursed $1,866,170 to petitioner's creditors to satisfy various
judgments and claims. Among the claims was a $1,950,000 judgment
($300,000 of compensatory damages previously paid in 1990 and
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