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b. 1984 Distribution of Essex Partnership Interest to Carlco,
TMT, and BWK, Inc.
For the taxable years 1982 through 1983, Essex made the
following distributions to IRA that were reported by IRA in the
year indicated:
Payment Date Year Reported Amount
09/28/82 1982 $47,025
12/30/82 1983 39,187
06/03/83 1983 26,125
07/08/83 1983 26,125
10/03/83 1983 26,125
Total 164,587
IRA also recorded its distributable share of income from
Essex as $89,214 for 1982 and $120,656 for 1983. IRA recorded
the value of its interest in Essex as follows:
1982 beginning value --
Plus 1982 share of income $89,214
Less 11/30/82 payment (47,025)
Investment end of 1982 42,189
1983 beginning value 42,189
Plus 1983 share of income 120,656
Less distributions
01/06/83 dividend (39,187)
06/07/83 distribution (26,125)
07/11/83 distribution (26,125)
10/15/83 distribution (26,125)
Investment end of 1983 45,283
During 1984, IRA received the following distributions from
Essex:
01/26/84 Distrib from Essex $44,413
05/08/84 Essex 26,125
07/06/84 Essex distrib. 26,125
10/04/84 Essex 36,575
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