Wayne M. and Janet L. Johnson - Page 4




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          following table illustrates the amount of the debt outstanding              
          after foreclosure of the properties:                                        
          Amount              Date of                                                 
          Entity                   Type              Owed               Default       
          D'Ambra Merc. Enterprises   Subchapter C corp.   $399,394.48           7/15/92
                                                                                     
          D'Ambra Corp.  Subchapter C corp.   323,845.77         7/15/92              
          Portland Parris Street     Partnership200,916.17          8/14/92              
          Associates                                                                  
          Marshview Point             Partnership254,868.96          7/18/92              
          Partnership                                                                 
          Three-Sixty & One           Partnership760,818.57          6/18/92              
          One Associates                                                              
          Fifty-Nine Bramhall St.     Partnership243,291.23          8/14/92              
          Associates                                                                  
          Cumberland Hanover  Partnership          56,561.28     8/14/92              
          Associates                                                                  
          Cumberland Hanover  Partnership         117,832.76     7/31/92              
          Associates                                                                  
          Park Avenue OnePartnership         974,468.22          6/18/92              
          Associates                                                                  
          Total debt owed           ----------      $3,331,997.44     --------        

          Petitioner claimed the following losses on his Federal income tax           
          returns as his share of the partnership losses incurred:5                   
                         Tax Year                 Loss Claimed                        
                         1991                     $72,050                             
                         1992                     3,376,497                           
                         1993                     3,331,997                           
                         1994                     3,313,241                           



               5    For convenience, all subsequent amounts are rounded to            
          the next highest dollar.                                                    





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