Courtney and Brenda Lundquist - Page 11




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               Jessica Raneshausen (Raneshausen) and her groom, Julia                 
          Hackensen (Hackensen), stayed for free at petitioners' house at             
          White Fences while Hackensen was riding for another horse owner             
          at a dressage derby.  Raneshausen had been in the 1964 Olympics             
          and is a member of the executive committee of the United States             
          Dressage Federation.  Hackensen is a Swedish Olympic rider.                 
               4.   Petitioners' Return to Lake Worth                                 
               In October 1987, petitioners moved back to Lake Worth.  At             
          that time, petitioner's herd consisted of Temptation, mares                 
          Labrette, Abfahrt, and Donka, four young horses, and one foal by            
          Temptation.  The quality of the two foals by Temptation was far             
          below petitioner's expectations.  She donated three of her horses           
          (not specified in the record) to a Gainesville, Florida, breeding           
          program and claimed a charitable contribution deduction of $1,050           
          for a mare.                                                                 
          F.   Petitioner's Horse Activities During the Years in Issue                
               (1988 to 1990)                                                         
               Petitioners lived in Lake Worth in 1988 and 1989.                      
          Petitioner did not breed Labrette after 1987 because Labrette was           
          very athletic, and petitioner thought Labrette would perform well           
          on the show circuit.  Petitioner entered Labrette in shows in the           
          1989-90 season.                                                             
               1.   Petitioner's Income From Serenity Reins                           
               On April 10, 1989, petitioner agreed to breed Temptation to            
          a mare for $750.  In 1989, petitioner sold Donka for $1,500,                
          Treasure for $7,900, and Pataplan for $4,300.  She also received            
          $200 for boarding a horse.                                                  

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Last modified: May 25, 2011